Professor Ali Gamal Abdelgawad: USD/QAR Analysis: US Dollar vs. Qatari Riyal

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Professor Ali Gamal Abdelgawad: USD/QAR Analysis: US Dollar vs. Qatari Riyal

Prepared by: Professor Ali Gamal Abdel Gawad – Lecturer of Investment and Finance

USD/QAR Analysis: US Dollar vs. Qatari Riyal

Current Prices:

Current Price: 3.6410 QAR/USD

Daily Change: -0.0041 (-0.11%)

Today Range: 3.6410 – 3.6451 QAR

52-Week Range: 3.6152 – 3.6775 QAR

Historical Performance

The USD/QAR pair shows relative stability with slight downward fluctuations in the short term:

Daily: Down -0.11%

Weekly: Down -0.09%

Monthly: Down -0.11%

3 Months: Down -0.12%

6 Months: Down -0.08%

Yearly: Slight Up +0.19%

5 Years: Almost Stable -0.01%

This demonstrates the relative stability of the Qatari Riyal against the US Dollar, with minor fluctuations reflecting the near-fixed peg policy. The Qatari riyal to US dollar exchange rate.

Technical Analysis

The daily chart shows a narrow trading range between 3.6410 and 3.6451 riyals, reflecting a short-term balance between supply and demand.

Support Level: 3.6395 – 3.6410 riyals

Resistance Level: 3.6425 – 3.6451 riyals

The narrow range indicates the absence of strong buying or selling pressure, reflecting the effectiveness of the Qatar Central Bank's policy in maintaining currency stability.

Economic Factors

The near-fixed peg of the riyal to the US dollar: maintains currency stability and minimizes volatility.

Foreign reserves and oil revenues: support the strength of the Qatari riyal and limit any pressure on the exchange rate.

Domestic Economic Conditions: Stable economic growth and low inflation reinforce the riyal's stability.

Global Factors: Fluctuations in the US dollar have a very limited impact on the Qatari riyal due to the near-fixed peg.

Future Outlook

Short- to medium-term outlook: The price is expected to remain within the range of 3.6410–3.6451 riyals, with only very minor fluctuations due to local or global economic conditions.

Long-term outlook: The continuation of the current monetary policy ensures the stability of the Qatari riyal against the US dollar with very slight fluctuations, making it one of the most stable currencies in the region.