Friday, May 16 - 2008

Kuwaiti Dinar (KWD)

Bahrain | Egypt | Jordan | Kuwait | Lebanon | Oman | Palestine | Qatar | Saudi Arabia | UAE


Real-time tradable Forex prices




Currency background and live chart

Description:
The official currency of Kuwait (Kuwaiti Dinar) is on a managed float versus the US dollar. The KWD hasn't moved a lot the last 15 years, but there are changes in its value in dollar-terms.

1 Dinar = 1000 Fils

FX chart data provided by Saxo Bank


Example of the Kuwaiti Dinar (KWD) currency Currency history:
Kuwait became a British protectorate on November 3, 1914. It gained its independence on June 19, 1961.

The Indian Rupee (INR) circulated in Kuwait until the Persian Gulf Rupee (XPGR) replaced it on April 28, 1959 at par. The Reserve Bank of India issued the Persian Gulf Rupee. Kuwait introduced the Kuwaiti Dinar (KWD) on April 1, 1961 at par with the British Pound Sterling. The Dinar is divisible into 1000 Fils. Banknotes were issued by the Kuwait Currency Board from 1960 to 1968 and by the Central Bank of Kuwait from 1968 until today.


Historical data source: Global Financial Data

Related Information:
» Central Bank of Kuwait »

Disclaimer
The currency data in this section is provided by Saxo Bank. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.

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