Convert Qatari Rial to Chinese Yuan (Offshore)
Please provide values below to convert Qatari Rial [QAR] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Qatari Rial.
How to Convert Qatari Rial to Chinese Yuan (Offshore)
1 QAR = 0.507563320964499 CNH
Example: convert 15 QAR to CNH:
15 QAR = 15 × 0.507563320964499 CNH = 7.61344981446748 CNH
Qatari Rial to Chinese Yuan (Offshore) Conversion Table
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.