Kuwait, Currency

The Kuwaiti dinar (ISO 4217 code KWD) is Kuwait's official currency. The dinar is sub-divided into 1000 fils. It was established in 1960 and replaced the Gulf rupee in 1961. The dinar was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 131⁄3 rupees to the dinar. Read more

I want to convert:

Source: FOREX Bank

Source: ECB

A currency is a unit of exchange, facilitating the transfer of goods and services. It is a form of money, where money is defined as a medium of exchange (rather than e.g. a store of value). A currency zone is a country or region in which a specific currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates i.e. prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in "coins and currency", but this is misleading. Coins and paper money are both forms of currency. Read more

Most popular

Converters by family

Language

Kuwait, Currency

Europe

North america

Asia

Oceania

Africa

South America