Converting from Qatar Rial (QAR) to North Korean Won (KPW)

What is Qatar Rial (QAR)

The Qatar Rial (QAR) is the official currency of Qatar, a small yet wealthy nation located in the Middle East. Established in 1973, the QAR is subdivided into 100 dirhams. The currency symbol for the Qatar Rial is QR or sometimes ر.ق. The QAR is pegged to the US Dollar at a rate of 1 USD = 3.64 QAR, which provides stability in the currency market.

As a significant exporter of oil and natural gas, Qatar has a strong economy. This financial strength generally translates to a stable currency, making the QAR a reliable form of exchange for both locals and visitors alike. The central bank, Qatar Central Bank, is responsible for issuing the currency and managing monetary policy in the country. Bills come in denominations of 1, 5, 10, 50, 100, 200 rials, while coins are available in denominations of 1, 5, 10, 25, 50, and 100 dirhams.

What is North Korean Won (KPW)

The North Korean Won (KPW) is the official currency of North Korea. Introduced in 1947, the KPW is subdivided into 100 chon. The currency symbol for the North Korean Won is ₩, and its exchange rate is subject to significant fluctuations due to the country's economic policies and international sanctions. The KPW is heavily regulated and primarily used within North Korea, making it challenging for foreigners to exchange or use it outside of the country.

North Korea has a centralized economy, which means the government controls most aspects of production and distribution. As a result, the KPW does not hold the same value as more common currencies, such as the USD or the Euro. The exchange rate could vary significantly between the official rate and the black market rate, often making it difficult to ascertain the real value of the currency. Bills come in denominations of 1, 5, 10, 50, 100, 500, 1,000, and 5,000 won, while coins are less frequently used.

Converting from QAR to KPW

To convert from Qatar Rial to North Korean Won, you need to find the current exchange rate, which can change frequently. As of the last known data, the exchange rate went approximately as follows: 1 QAR = 200 KPW. Therefore, if you wanted to convert 100 QAR, the calculation would be:

100 QAR × 200 (KPW/QAR) = 20,000 KPW

This conversion can vary based on real-time market conditions, so it's advisable to consult a financial service or currency converter for the most accurate and current rates.

Understanding these two currencies can help those who are traveling or conducting business between Qatar and North Korea.