Convert Kuwaiti Dinar to United States Dollar
Please provide values below to convert Kuwaiti Dinar [KWD] to United States Dollar [USD], or Convert United States Dollar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to United States Dollar
1 KWD = 0.3054 USD
Example: convert 15 KWD to USD:
15 KWD = 15 × 0.3054 USD = 4.581 USD
Kuwaiti Dinar to United States Dollar Conversion Table
| Kuwaiti Dinar | United States Dollar |
|---|
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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.