Convert New Taiwan Dollar to Qatari Rial
Please provide values below to convert New Taiwan Dollar [TWD] to Qatari Rial [QAR], or Convert Qatari Rial to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Qatari Rial
1 TWD = 8.06730769230769 QAR
Example: convert 15 TWD to QAR:
15 TWD = 15 × 8.06730769230769 QAR = 121.009615384615 QAR
New Taiwan Dollar to Qatari Rial Conversion Table
| New Taiwan Dollar | Qatari Rial |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.