About the AUD/QAR rate
The AUD/QAR rate is how many QAR one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/QAR rate history.
Related views of this rate: the reverse rate, QAR → AUD, is on the receiving Qatari riyal view, and sending Australian dollars to Qatar is covered on the AUD → QAR transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
What Qatar's central bank actually manages
Qatar Central Bank describes its own framework plainly. On its exchange rate policy page it records that since its inception in 1993 it inherited the Qatar Monetary Agency's framework of targeting the exchange rate, and that the formal framework is a fixed parity between the riyal and the United States dollar at QR 3.64 per dollar. The International Monetary Fund dates that particular parity to July 2001, following an unofficial peg that had run since June 1980.
Committing to a number means giving up the instrument that would otherwise move it. The Bank's stated operating target is the average overnight interbank rate, which it manages through liquidity operations for the express purpose of sustaining the parity. Its Monetary Policy Committee meets every six weeks, and the Bank says its Monetary Policy Division continuously monitors riyal interest rates against international rates, the US federal funds rate in particular.
Following can be more literal than it sounds. The Fund's 2024 Article IV consultation recorded that Qatari monetary policy is broadly aligned with the Federal Reserve's, and that the Bank had recently cut its policy rates three times, each cut five basis points larger than the corresponding move in Washington.
The buffer behind all of this is what makes it credible. The same consultation put central bank reserves at US$53.8 billion in November 2024, and estimated that the Bank's foreign reserves together with the Qatar Investment Authority's foreign assets exceeded 200 per cent of gross domestic product in 2023. The Fund's Executive Board concluded in February 2025 that the peg continues to serve Qatar well.
Sources: Qatar Central Bank, monetary policy tools and exchange rate policy · International Monetary Fund, Qatar 2024 Article IV Consultation (Country Report No. 25/47) · International Monetary Fund, Press Release 25/034 on the conclusion of the 2024 Article IV consultation