If you are an expatriate looking to transfer savings to your home country, it is always good to know where the best places are to get the most value for your money and for this you will need to find a money exchange with the best rates.
Or, if you are a tourist visiting Qatar who is short on cash, you may need to exchange US dollars for Qatari Riyals. Whatever the reason, you will likely need to use a money exchange company.
Therefore, we have compiled a list of best money exchange in Qatar that are trustworthy and offer competitive rates. These companies offer Account transfers as well as cash pickup options too.
Al Fardan Exchange
Al Fardan Exchange is a leading money exchange company in Qatar. With over 12 branches across the country, it offers a convenient and reliable way to send and receive money. It also offers a range of other services such as foreign currency exchange, international money transfer, transactions in gold bars and coins and travel cards.
Al Fardan Exchange has branches in the following locations:
Al Zaman Exchange
Al Zaman offers a wide range of money exchange and remittance services to its customers. It has a network of branches across the country and also has an online money transfer service. Al Zaman is a trusted and reliable money exchange company that offers competitive rates and excellent service.
You can transfer money online without ever going to their branch, once you register in their mobile application. They also have a WhatsApp number to answer any queries you might have concerning the money transfer.
Daily Transfer limits are as follows:
Account transfer: 10,000 QAR
Cash Pickup: 3,500 QAR
Below is the list of Al Zaman Exchange branches:
Al Mana Exchange
Almana Exchange W.L.L. is a 100% subsidiary of Almana Group and has been in existence since 1979. Since then, Al Mana Exchange is a leading provider of foreign exchange services in Qatar. They offer a wide range of services including currency exchange, money transfer, and international payments. They have a team of experienced and knowledgeable staff who are always ready to assist their clients in foreign exchange transactions.
Al Mana Exchange also offers money transfer through mobile or web application registration. Check out below video for the registration steps:
Unimoni exchange company
Unimoni is a another money exchange company in Qatar with over 10 years of experience in the industry. They offer a wide range of currency exchange services and have a network of 10 branches across the country. Unimoni has a team of experienced and knowledgeable staff who are always ready to assist their customers with their currency exchange needs.
Since 1976, Trust Exchange has been the provider of remittance and foreign exchange services in Qatar. The company is known for its customer-centric approach and value-laden service, providing safe, reliable, and quick services for its customers to send money to their loved ones across borders.
Trust Exchange has 8 branches located in different areas of the country.
Other money exchange and transfer options
If you want to to exchange money urgently, then look around for QNB ATM, they have ATMs that dispense foreign currency. If you have account in Commercial Bank, then use their mobile application to transfer money. They provide quick money transfer in as fast as 60 seconds.
When to buy foreign currency as a tourist?
There are pros and cons to both exchanging money in your home country before you travel and exchanging money in the country you are visiting. It is ultimately up to the individual to decide what is best for them.
Some people prefer to exchange money in their home country so they know how much money they will have for their trip. This can help with budgeting. Other people prefer to exchange money in the country they are visiting so they get the most recent exchange rate. This can be helpful if the currency you are using is fluctuating a lot in value.
Does Qatar accept U.S. dollars as a mode of payment?
Qatar does not accept US dollars as currency, but it will accept US dollar-denominated traveler’s checks. You can also exchange US dollars for Qatari Riyals at most banks in Qatar.
No matter where you are in Qatar, there is sure to be a place nearby where you can exchange currency. Our above recommendations of the best money exchange in Qatar offer competitive rates and don’t charge any commission on transactions, so you can be confident you are getting a great deal no matter which one you choose.
Hope you found this article helpful. What are your thoughts on this. Let us know in the comments below. If you know any other exchange company that should be part of this list, please comment and we will add it.