The exchange rate from Qatari Riyal (QAR) to Philippine Peso (PHP) is a vital consideration for expatriates, remittance senders, businesses, and travelers dealing with Qatar and the Philippines. As of today, July 18, 2025, the mid-market rate is approximately â±15.68 for every 1¯QAR. Understanding this rate, the fluctuations, and where to get the most favorable conversion such as Cebuana Lhuillier can significantly impact the value received during remittance or currency exchange transactions.
ð Current Exchange Rate Overview
- Mid-market rate: 1¯QAR = â±15.68Â PHP
- Daily range: â±15.49-â±15.74 PHP over the past week
- One-month trend: Slight appreciation (~+1.2%), moving from â±15.49 to â±15.68
Factors Influencing the QAR-PHP Rate
1. Oil-Driven Economy in Qatar
Qatar’s currency remains strongly linked to oil and gas revenues. Any global energy price shifts often translate into QAR appreciation or depreciation.
2. Philippine Remittance Demand
With a large Filipino community in Qatar, consistent remittance flows via Cebuana and other providers create steady demand for PHP, affecting the exchange rate.
3. Monetary Policy & Inflation
Interest rate adjustments by the Central Bank of the Philippines influence PHP’s strength. Meanwhile, Qatar’s peg to the USD keeps QAR stable against major currencies.
4. Seasonal & Geopolitical Effects
Holiday remittance and global events (e.g., Middle East tensions) can trigger short-term rate volatility.
Tracking the Rate: Weekly and Monthly Trends
- Weekly low/high: â±15.49 / â±15.74 (±1.2%)
- 30-day high: â±15.74, low: â±15.49, average: â±15.62
These modest swings indicate a stable corridor favorable for planning remittances or budgeting trips.
Where to Exchange QAR for PHP
1. Cebuana Lhuillier
Cebuana offers a wide remittance network. While its posted rates may slightly lag mid-market, it remains reliable for cash pickups.
2. Banks & Money Service Operators (MSOs)
Banks often add a margin (~1-1.5%), making effective rates around â±15.5-â±15.55 PHP per QAR. MSOs like Western Union charge up to 1.35% margin (~â±15.53-â±15.58).
3. Online Platforms (Revolut, Wise)
Revolut offers real-time mid-market rates (~â±15.56-â±15.71) with minimal fees. Wise closely mirrors mid-market (â±15.68) without markups.
Best Places to Get PHP for QAR
- Revolut/Wise: Mid-market rates, low fees, user-friendly.
- MSOs: Slight markup (~0.5-1%), fast service.
- Banks: Convenient but costlier with larger spreads.
- Cebuana: Ideal for recipients who prefer cash pickup despite lower rates.
Tips Before Exchanging QAR to PHP
- Monitor rate alerts to lock in optimal rates.
- Compare mid-market and provider rates before transacting.
- Factor in fees some platforms charge flat or tiered fees.
- Check total amount received after deductions, not just posted rates.
- Watch for provider limits and payout speed.
Calculating with the Mid-Market Rate
Using the current mid-market rate (â±15.68) helps estimate value accurately:
- â±1,000 QAR = â±15,680 PHP
- â±500 QAR = â±7,840 PHP
- â±2,000 QAR = â±31,360 PHP
If provider adds 1% spread (â±15.52 PHP), â±2,000 QAR yields â±31,040 PHP a difference of â±320.
Outlook on QAR-PHP Rate
Absent major shifts in oil prices or geopolitical conditions, the rate is expected to remain in â±15.60-â±15.80 range. Any surprise in Philippine inflation or monetary policy may cause mild deviations.
Today’s QAR-PHP mid-market rate at â±15.68 provides a useful baseline for sending remittances or converting currency. While Cebuana and banks offer convenience, platforms like Revolut or Wise often present better value. Comparing exchange rates, understanding provider fees, and timing transactions around market stability are key to maximizing the value of Qatari Riyal conversions into Philippine Peso in Cebuana receipts or digital transfers.