Convert Kuwaiti Dinar to Macedonian Denar
Please provide values below to convert Kuwaiti Dinar [KWD] to Macedonian Denar [MKD], or Convert Macedonian Denar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Macedonian Denar
1 KWD = 0.00577907799673768 MKD
Example: convert 15 KWD to MKD:
15 KWD = 15 × 0.00577907799673768 MKD = 0.0866861699510652 MKD
Kuwaiti Dinar to Macedonian Denar Conversion Table
| Kuwaiti Dinar | Macedonian Denar |
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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.
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.