Convert 12000 Qatari Rial (QAR) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 02nd October 2014 ( 02/10/2014 )
Below you will find the latest exchange rate for exchanging Qatari Rial (QAR) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Qatari Rial (QAR) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official unit of currency in Qatar is the rial. The rial is subdivided into 100 dirhams and comes in denominations of 1, 5, 10, 50, 100 and 500 riyals. Foreign currency can easily be exchanged through banks, moneychangers, the Bureau de Change and at many airport terminals, hotels and other establishments. The Bureau de Change typically offers the lowest commission fee for currency exchanges.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.