QAR black market rate on Oct 12, 2026: 3.7 per USD
On Monday, October 12, 2026, the US dollar traded at about 3.7 QAR on Qatar's parallel (black) market at the close of observations so far. The day opened at 3.69 QAR, reached a high of 3.7 and a low of 3.69, a trading range of 0.01 QAR (0.33%).
Across 153 observations, the average price to buy dollars was 3.7 QAR and the average price received when selling dollars was 3.8 QAR. Over the session the Qatari Riyal weakened against the dollar (+0.18% from open to close).
Official rate vs black market rate on Oct 12, 2026
The official exchange rate published for Qatar on this date was 3.64 QAR per USD. The parallel-market close of 3.7 QAR therefore implied a premium of +1.65% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Oct 12, 2026 compares
Compared with the previous observed day (Oct 11, 2026, close 3.69 QAR), the rate moved +0.18%.
One week earlier (Oct 5, 2026) the close was 3.69 QAR, so the weekly change was +0.35%.
Thirty days earlier (Sep 12, 2026) the close was 3.67 QAR, a +0.79% move over the month.
How this daily figure is produced
ETCurrency samples Qatar's USD/QAR parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Oct 12, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Qatari Riyal black market rate on Oct 12, 2026?
- The USD to QAR parallel market rate closed at approximately 3.7 QAR per US dollar on Monday, October 12, 2026, after trading between 3.69 and 3.7 QAR.
- How much did the QAR move against the dollar that day?
- From an open of 3.69 to a close of 3.7 QAR, the parallel rate moved +0.18% on Oct 12, 2026.
- What was the gap between the official and black market QAR rate on that date?
- The official rate was 3.64 QAR per USD versus a parallel close of 3.7 QAR, a premium of +1.65%.
- Was the QAR black market rate higher or lower than the day before?
- Higher: the previous observed close was 3.69 QAR on Oct 11, 2026, a change of +0.18%.
Figures are aggregated parallel-market observations for Qatar in UTC and are indicative only; they are not a quote to trade. See the full USD → Qatari Riyal history or today's live rate.