Convert Kuwaiti Dinar to Australian Dollar
Please provide values below to convert Kuwaiti Dinar [KWD] to Australian Dollar [AUD], or Convert Australian Dollar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Australian Dollar
1 KWD = 0.199712267852472 AUD
Example: convert 15 KWD to AUD:
15 KWD = 15 × 0.199712267852472 AUD = 2.99568401778708 AUD
Kuwaiti Dinar to Australian Dollar Conversion Table
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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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.