FAVR
QAR
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of FAVOR(FAVR) to Qatari Rial(QAR). This is the real-time data. The current conversion shows 1 FAVR at a value of 1 FAVR for 0.02 QAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
QAR information
About Qatari Rial (QAR)
The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.
Historical Background
The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.
Design and Symbolism
The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.
Economic Role
The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.
Monetary Policy and Stability
Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.
International Trade and the Qatari Rial
The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.
Bitget crypto-to-fiat exchange data shows that the most popular FAVOR currency pair is the FAVR to QAR, with for FAVOR's currency code being FAVR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.
FAVR to QAR conversion rate trend
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In the past 1D, FAVOR has changed -19.87% to QAR. Based on the trend and price charts, FAVOR(FAVR) has changed -19.87% to QAR while Qatari Rial(QAR) has changed % to FAVR in the last 24 hours.
Conversion rate comparison of various exchanges
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Last updated 2024/11/24 16:00:06(UTC+0)
How to buy FAVOR
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Buy FAVOR (FAVR)
Use a variety of payment options to buy FAVOR on Bitget. We'll show you how.
Buy FAVR (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading does not currently support direct buying of FAVR with QAR. However, you can buy USDT in Bitget P2P trading first, and then buy FAVR with USDT via Bitget spot market.
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Sell FAVR (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading currently does not support direct selling of FAVR to QAR. However, you can first exchange FAVR for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of FAVOR to Qatari Rial?
FAVOR to Qatari Rial is falling this week.FAVOR's current market price is ر.ق 0.01510 per FAVR, with a total market cap of ر.ق 0 QAR based on a circulating supply of -- FAVR. The trading volume of FAVOR has changed by +23.73% (ر.ق 37,505.75 QAR) in the last 24 hours. Last trading day, FAVR's trading volume was ر.ق 158,078.02.
Market cap
$0
24h volume
$53.64K
Circulating supply
0 FAVR
Conversion tables
The exchange rate of FAVOR is decreasing.1 FAVR is currently valued at ر.ق 0.01510 QAR , which means buying 5 FAVR will cost ر.ق 0.07552 QAR . Similarly, ر.ق1 QAR can be traded for 66.21 FAVR, and ر.ق50 QAR can be converted to 3,310.58 FAVR, excluding any platform or gas fees.
The exchange rate of 1 FAVR to Qatari Rial has changed by -32.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by -19.87%, reaching a high of 0.01870 QAR and a low of 0.01482 QAR . One month ago, the value of 1 FAVR was ر.ق 0.01731 QAR , which represents a -12.85% change from its current value. Over the last year, FAVOR has changed by , resulting in a change of -80.69% in its value.
-ر.ق
0.06263QARFAVR to QAR
Amount
18:15 today
0.5 FAVR
ر.ق0.007552
1 FAVR
ر.ق0.01510
5 FAVR
ر.ق0.07552
10 FAVR
ر.ق0.1510
50 FAVR
ر.ق0.7552
100 FAVR
ر.ق1.51
500 FAVR
ر.ق7.55
1000 FAVR
ر.ق15.1
QAR to FAVR
Amount18:15 today
0.5QAR33.11 FAVR
1QAR66.21 FAVR
5QAR331.06 FAVR
10QAR662.12 FAVR
50QAR3,310.58 FAVR
100QAR6,621.16 FAVR
500QAR33,105.82 FAVR
1000QAR66,211.65 FAVR
Today vs. 24 hours ago
| Amount | 18:15 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 FAVR | $0.002071 | $0.002581 | -19.87% |
| 1 FAVR | $0.004142 | $0.005162 | -19.87% |
| 5 FAVR | $0.02071 | $0.02581 | -19.87% |
| 10 FAVR | $0.04142 | $0.05162 | -19.87% |
| 50 FAVR | $0.2071 | $0.2581 | -19.87% |
| 100 FAVR | $0.4142 | $0.5162 | -19.87% |
| 500 FAVR | $2.07 | $2.58 | -19.87% |
| 1000 FAVR | $4.14 | $5.16 | -19.87% |
Today vs. 1 month ago
| Amount | 18:15 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 FAVR | $0.002071 | $0.002374 | -12.85% |
| 1 FAVR | $0.004142 | $0.004748 | -12.85% |
| 5 FAVR | $0.02071 | $0.02374 | -12.85% |
| 10 FAVR | $0.04142 | $0.04748 | -12.85% |
| 50 FAVR | $0.2071 | $0.2374 | -12.85% |
| 100 FAVR | $0.4142 | $0.4748 | -12.85% |
| 500 FAVR | $2.07 | $2.37 | -12.85% |
| 1000 FAVR | $4.14 | $4.75 | -12.85% |
Today vs. 1 year ago
| Amount | 18:15 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 FAVR | $0.002071 | $0.01066 | -80.69% |
| 1 FAVR | $0.004142 | $0.02132 | -80.69% |
| 5 FAVR | $0.02071 | $0.1066 | -80.69% |
| 10 FAVR | $0.04142 | $0.2132 | -80.69% |
| 50 FAVR | $0.2071 | $1.07 | -80.69% |
| 100 FAVR | $0.4142 | $2.13 | -80.69% |
| 500 FAVR | $2.07 | $10.66 | -80.69% |
| 1000 FAVR | $4.14 | $21.32 | -80.69% |
FAVOR price prediction
What will the price of FAVR be in 2025?
Based on FAVR's historical price performance prediction model, the price of FAVR is projected to reach $0.01070 in 2025.
What will the price of FAVR be in 2030?
In 2030, the FAVR price is expected to change by +9.00%. By the end of 2030, the FAVR price is projected to reach $0.01483, with a cumulative ROI of +183.45%.
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Popular FAVOR conversions
Check out these popular currency conversions of FAVOR to several fiat currencies.
FAVOR to USD
1 FAVR to $ 0.004142 USD
FAVOR to GBP
1 FAVR to £ 0.003306 GBP
FAVOR to EUR
1 FAVR to € 0.003976 EUR
FAVOR to KRW
1 FAVR to ₩ 5.82 KRW
FAVOR to CAD
1 FAVR to $ 0.005813 CAD
FAVOR to AUD
1 FAVR to $ 0.006370 AUD
FAVOR to JPY
1 FAVR to ¥ 0.6411 JPY
FAVOR to BRL
1 FAVR to R$ 0.02403 BRL
FAVOR to CNY
1 FAVR to ¥ 0.03004 CNY
FAVOR to TWD
1 FAVR to NT$ 0.1350 TWD
Popular cryptocurrencies to QAR
Explore other cryptocurrencies based on your interest in FAVOR.
Bitcoin to QAR
1 BTC to ر.ق 350,291.98 QAR
MAD to QAR
1 MAD to ر.ق 0.0001344 QAR
XRP to QAR
1 XRP to ر.ق 4.92 QAR
Stellar to QAR
1 XLM to ر.ق 1.74 QAR
Kusama to QAR
1 KSM to ر.ق 146.02 QAR
Dogecoin to QAR
1 DOGE to ر.ق 1.51 QAR
Hedera to QAR
1 HBAR to ر.ق 0.5147 QAR
Cardano to QAR
1 ADA to ر.ق 3.54 QAR
Polkadot to QAR
1 DOT to ر.ق 30.67 QAR
Solana to QAR
1 SOL to ر.ق 903.75 QAR
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between FAVOR and QAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as FAVOR and QAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of FAVOR in QAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
