Convert Kuwaiti Dinar to Moroccan Dirham
Please provide values below to convert Kuwaiti Dinar [KWD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Moroccan Dirham
1 KWD = 0.0339020680927589 MAD
Example: convert 15 KWD to MAD:
15 KWD = 15 × 0.0339020680927589 MAD = 0.508531021391384 MAD
Kuwaiti Dinar to Moroccan Dirham Conversion Table
| Kuwaiti Dinar | Moroccan Dirham |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.