Convert Qatari Riyal to Cambodian Riel
Convert Qatari Riyal (QAR) to Cambodian Riel (KHR) using daily updated exchange rates.
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Exchange Rate
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About Qatari Riyal
The Qatari Riyal (QAR) is the official currency of Qatar, one of the world's wealthiest countries by per capita income. The riyal has been pegged to the US Dollar at 3.64 QAR per USD since 2001, a peg maintained with ease due to Qatar's enormous oil and liquefied natural gas (LNG) revenues. Qatar holds the world's third largest proven natural gas reserves and is the world's largest exporter of LNG. The Qatar Central Bank manages the peg. The country hosted the FIFA World Cup in 2022, showcasing massive infrastructure development.
About Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia but exists in an unusual dual-currency environment where the US Dollar is widely used alongside the riel for most large transactions. The riel was reintroduced in 1980 after the Khmer Rouge abolished currency entirely between 1975 and 1979 - one of only two instances in modern history where a national currency was completely abolished. The National Bank of Cambodia manages monetary policy. Cambodia's economy has grown rapidly, fuelled by garment exports, tourism, and construction.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).