I have a job offer which is paying salary and living allowance in USD. As I need to tranfer the money to US as well as India. Which is the best option? I mean getting USD or QR then convert it USD&INR..
Thank you very much for your reply. I just talked to my employer and they told they can deposit USD or QR. Or they can also split the amount based on my requirement.
Do you suggest me to get QR for local expenses and converting to INR?
USD to QR then to INR would be better. As qatar have a standard rate 1 USD = 3.65, And if USD is converted to INR directly the rate will be only 40 or 41. Where as other USD to QR then to INR u can get around 43
If the Riyal decides to go it alone (and they would do with other countries at the same time) the dollar will really be in a bad way for a pretty long time (long enough for you to feel the effects). Worst case scenario is they keep the peg, in which it will make no difference to your money.
You need to work out a strategy, mine wont be the same as yours because my circumstances are different, Talk to the bank you are with, they have financial planners that can help do whats best for you.
It would be nice to meet one expat here that gets paid in a foreign currency that ISNT getting screwed by the rate change, boy, if only they were heading north instead of south we'd all be laughing.
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Thank you very much for your reply. I just talked to my employer and they told they can deposit USD or QR. Or they can also split the amount based on my requirement.
Do you suggest me to get QR for local expenses and converting to INR?
USD the for amount I want to transfer to US?
Can some one explain "Peg"?
Thanks again
Dchal
USD to QR then to INR would be better. As qatar have a standard rate 1 USD = 3.65, And if USD is converted to INR directly the rate will be only 40 or 41. Where as other USD to QR then to INR u can get around 43
If you get dollars and convert to rupees you will be charged twice as banks will convert to riyals first!
i personally would take the payment in Riyals.
If the Riyal decides to go it alone (and they would do with other countries at the same time) the dollar will really be in a bad way for a pretty long time (long enough for you to feel the effects). Worst case scenario is they keep the peg, in which it will make no difference to your money.
Do the Riyal.
You need to work out a strategy, mine wont be the same as yours because my circumstances are different, Talk to the bank you are with, they have financial planners that can help do whats best for you.
It would be nice to meet one expat here that gets paid in a foreign currency that ISNT getting screwed by the rate change, boy, if only they were heading north instead of south we'd all be laughing.
Good Luck
Rick