QAR to MYR - Convert Qatari Riyal to Malaysian Ringgit

Convert QAR to MYR using our currency converter with real exchange rate today

1 QAR = 1.292 MYR

1 MYR = 0.774 QAR

(Mid-market exchange rate)

Last updated Jun 25, 2024 02:10 GMT

QAR to MYR conversion chart

Below is the live and historical Qatari Riyal to Malaysian Ringgit rate chart so you can see today's rate - and how the rates have changed over time.

1 QAR = 1.292 MYR

1,000 Qatari Riyal to Malaysian Ringgit stats | QAR to MYR

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 1.294 1.296 1.314 1.315 1.296
Low 1.291 1.286 1.284 1.237 1.286
Average 1.292 1.291 1.298 1.288 1.291
Volatility 0.23% 0.78% 2.34% 6.31% 0.78%

What is the Qatari Riyal worth against the Malaysian Ringgit today?

1 QAR is worth 1.292 MYR today

How much is 1,000 QAR worth in MYR?

At the current exchange rate of 1.292 , a sum of 1,000 Qatari Riyal is worth 1,292 Malaysian Ringgit.

Which currency is stronger? QAR or MYR?

The Qatari Riyal is currently stronger than the Malaysian Ringgit given that 1 QAR is equal to 1.292 MYR. Conversely, 1 MYR is worth 0.774 QAR.

Overview of QAR to MYR Performance and Trends

Today, to buy 1,000 Qatari Riyal, you need 1,292 Malaysian Ringgit. On the same date last year, you needed 1,283 Malaysian Ringgit for 1,000 Qatari Riyal. This change indicates that the Qatari Riyal has become stronger against the Malaysian Ringgit by 0.78% over the past year.

The pair experienced moderate volatility of 6.31%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

QAR to MYR Currency Performance and Volatility

Last 7 Days

  • Performance: ﷼1,000 varied between RM1.291 (weekly low) and RM1.294 (weekly high), a variance of RM0.003 .
  • Volatility: Fluctuated by 0.23%.

Last 30 Days

  • Performance: ﷼1,000 varied between RM1.286 (30-day low) to RM1.296 (30-day high), a variance of RM0.01 .
  • Volatility: Fluctuated by 0.78%.

Last 90 Days

  • Performance: ﷼1,000 varied between RM1.284 (90-day low) to RM1.314 (90-day high), a variance of RM0.03 .
  • Volatility: Fluctuated by 2.34%.

Last Year

  • Performance: ﷼1,000 ranged from RM1.237 (yearly low) to RM1.315 (yearly high), a variance of RM0.078 .
  • Volatility: Fluctuated by 6.31%.

QAR to MYR Forecast and trending

Is the Qatari Riyal going up or down against the Malaysian Ringgit?

Today's QAR to MYR exchange rate (1.293) is smaller compared to yesterday's rate (1.293).

Currency information

QAR - Qatari Riyal

The currency code for Qatari Riyal is QAR.

The QAR currency symbol is ﷼.

Minor unit: 1/100 = Dirham

QAR rank by most traded currencies: Not in top 40 traded currencies

Avg proportion of daily world trade volume: 0% (Low daily trade currency)

QAR rank by strongest currencies (buying power): 32

The Qatari Riyal is the currency of 1 countries:

More Qatari Riyal (QAR) information >

MYR - Malaysian Ringgit

The currency code for Malaysian Ringgit is MYR.

The MYR currency symbol is RM.

Minor unit: 1/100 = Sen

MYR rank by most traded currencies: 32

Avg proportion of daily world trade volume: 0.10%

MYR rank by strongest currencies (buying power): 40

The Malaysian Ringgit is the currency of 1 countries:

More Malaysian Ringgit (MYR) information >

Understanding QAR to MYR Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Qatari Riyal to Malaysian Ringgit, to send a payment, for a trip overseas, when shopping online or to hold a balance in Malaysian Ringgit.

How to convert QAR to MYR?

You can convert Qatari Riyal to Malaysian Ringgit either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Malaysian Ringgit in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in Qatari Riyal cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Malaysian Ringgit in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Qatari Riyal you want to send, or the amount in Malaysian Ringgit you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Malaysian Ringgit

How to get the best QAR to MYR exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best QAR to MYR exchange rate for your specific transaction.

Get to know the QAR/MYR mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the QAR/MYR mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Qatari Riyal and Malaysian Ringgit. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Qatari Riyal with Malaysian Ringgit?

You'll be able to exchange Malaysian Ringgit to Qatari Riyal in the same way as you'd exchange Qatari Riyal to Malaysian Ringgit. If you have Malaysian Ringgit in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Malaysian Ringgit. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Qatari Riyal in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange QAR to MYR?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting Qatari Riyal to Malaysian Ringgit (QAR to MYR)

How much is the Qatari Riyal to Malaysian Ringgit?

The Qatari Riyal to Malaysian Ringgit exchange rate today is 1.292 . Use this guide to learn more about exchanging QAR to MYR in the easiest and best value way for your specific needs.

How much is 1,000 Qatari Riyal to the Malaysian Ringgit?

The QAR to MYR rate today is 1.292 . That means that 1,000 Qatari Riyal would be worth 1,292 Malaysian Ringgit.

How to exchange Qatari Riyal to Malaysian Ringgit?

Exchange QAR to MYR in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including QAR to MYR.

How to send money to Malaysia?

If you want to send money from Qatar - or anywhere else in the world - to Malaysia, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Malaysia - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Malaysian Ringgit and Qatari Riyal on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Qatari Riyal to Malaysian Ringgit exchange rate with our handy tools, to help you compare your options.

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