Convert Macedonian Denar to Kuwaiti Dinar
Please provide values below to convert Macedonian Denar [MKD] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Macedonian Denar.
How to Convert Macedonian Denar to Kuwaiti Dinar
1 MKD = 173.03798297315 KWD
Example: convert 15 MKD to KWD:
15 MKD = 15 × 173.03798297315 KWD = 2595.56974459725 KWD
Macedonian Denar to Kuwaiti Dinar Conversion Table
| Macedonian Denar | Kuwaiti Dinar |
|---|
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.