Convert Kuwaiti Dinar to Mexican Peso
Please provide values below to convert Kuwaiti Dinar [KWD] to Mexican Peso [MXN], or Convert Mexican Peso to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Mexican Peso
1 KWD = 0.0163804293024104 MXN
Example: convert 15 KWD to MXN:
15 KWD = 15 × 0.0163804293024104 MXN = 0.245706439536156 MXN
Kuwaiti Dinar to Mexican Peso Conversion Table
| Kuwaiti Dinar | Mexican Peso |
|---|
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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.