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Effect AI to Qatari Rial Converter and calculator

Convert 1Effect AI (EFX) to Qatari Rial (QAR) equals ر.ق 0.08244 | Bitget
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Last updated 2024/12/20 04:55:43 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Effect AI(EFX) to Qatari Rial(QAR). This is the real-time data. The current conversion shows 1 EFX at a value of 1 EFX for 0.08 QAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

QAR information

About Qatari Rial (QAR)

The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.

Historical Background

The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.

Design and Symbolism

The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.

Economic Role

The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.

Monetary Policy and Stability

Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.

International Trade and the Qatari Rial

The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.

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Bitget crypto-to-fiat exchange data shows that the most popular Effect AI currency pair is the EFX to QAR, with for Effect AI's currency code being EFX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.

EFX to QAR conversion rate trend

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Live Effect AI (EFX) price chart
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In the past 1D, Effect AI has changed -9.13% to QAR. Based on the trend and price charts, Effect AI(EFX) has changed -9.13% to QAR while Qatari Rial(QAR) has changed +10.05% to EFX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ق0.07933
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/20 00:30:53(UTC+0)

How to buy Effect AI

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Buy Effect AI (EFX)
Use a variety of payment options to buy Effect AI on Bitget. We'll show you how.

Buy EFX (or USDT) for QAR (Qatari Rial) offers

Bitget P2P trading does not currently support direct buying of EFX with QAR. However, you can buy USDT in Bitget P2P trading first, and then buy EFX with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
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Sell EFX (or USDT) for QAR (Qatari Rial) offers

Bitget P2P trading currently does not support direct selling of EFX to QAR. However, you can first exchange EFX for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of Effect AI to Qatari Rial?

Effect AI to Qatari Rial is falling this week.
Effect AI's current market price is ر.ق 0.08244 per EFX, with a total market cap of ر.ق 20,788,933.6 QAR based on a circulating supply of 252,168,530 EFX. The trading volume of Effect AI has changed by +28.28% (ر.ق 44,224.6 QAR) in the last 24 hours. Last trading day, EFX's trading volume was ر.ق 156,392.82.
Market cap
$5.67M
24h volume
$54.76K
Circulating supply
252.17M EFX

Conversion tables

The exchange rate of Effect AI is increasing.
1 EFX is currently valued at ر.ق 0.08244 QAR , which means buying 5 EFX will cost ر.ق 0.4122 QAR . Similarly, ر.ق1 QAR can be traded for 12.13 EFX, and ر.ق50 QAR can be converted to 606.5 EFX, excluding any platform or gas fees.
The exchange rate of 1 EFX to Qatari Rial has changed by -33.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.13%, reaching a high of 0.09208 QAR and a low of 0.07357 QAR . One month ago, the value of 1 EFX was ر.ق 0.02843 QAR , which represents a +189.97% change from its current value. Over the last year, Effect AI has changed by
+ر.ق
0.06743QAR
, resulting in a change of +449.10% in its value.

EFX to QAR

Amount
04:55 am today
0.5 EFX
ر.ق0.04122
1 EFX
ر.ق0.08244
5 EFX
ر.ق0.4122
10 EFX
ر.ق0.8244
50 EFX
ر.ق4.12
100 EFX
ر.ق8.24
500 EFX
ر.ق41.22
1000 EFX
ر.ق82.44

QAR to EFX

Amount04:55 am today
0.5QAR6.06  EFX
1QAR12.13  EFX
5QAR60.65  EFX
10QAR121.3  EFX
50QAR606.5  EFX
100QAR1,212.99  EFX
500QAR6,064.97  EFX
1000QAR12,129.94  EFX

Today vs. 24 hours ago

Amount04:55 am today24 hours ago24h change
0.5 EFX$0.01125$0.01238
-9.13%
1 EFX$0.02250$0.02476
-9.13%
5 EFX$0.1125$0.1238
-9.13%
10 EFX$0.2250$0.2476
-9.13%
50 EFX$1.13$1.24
-9.13%
100 EFX$2.25$2.48
-9.13%
500 EFX$11.25$12.38
-9.13%
1000 EFX$22.5$24.76
-9.13%

Today vs. 1 month ago

Amount04:55 am today1 month ago1M change
0.5 EFX$0.01125$0.003880
+189.97%
1 EFX$0.02250$0.007760
+189.97%
5 EFX$0.1125$0.03880
+189.97%
10 EFX$0.2250$0.07760
+189.97%
50 EFX$1.13$0.3880
+189.97%
100 EFX$2.25$0.7760
+189.97%
500 EFX$11.25$3.88
+189.97%
1000 EFX$22.5$7.76
+189.97%

Today vs. 1 year ago

Amount04:55 am today1 year ago1Y change
0.5 EFX$0.01125$0.002049
+449.10%
1 EFX$0.02250$0.004098
+449.10%
5 EFX$0.1125$0.02049
+449.10%
10 EFX$0.2250$0.04098
+449.10%
50 EFX$1.13$0.2049
+449.10%
100 EFX$2.25$0.4098
+449.10%
500 EFX$11.25$2.05
+449.10%
1000 EFX$22.5$4.1
+449.10%

Effect AI price prediction

What will the price of EFX be in 2025?

Based on EFX's historical price performance prediction model, the price of EFX is projected to reach $0.03419 in 2025.

What will the price of EFX be in 2030?

In 2030, the EFX price is expected to change by +5.00%. By the end of 2030, the EFX price is projected to reach $0.05822, with a cumulative ROI of +120.56%.

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