Convert Kuwaiti Dinar to Thai Baht
Please provide values below to convert Kuwaiti Dinar [KWD] to Thai Baht [THB], or Convert Thai Baht to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Thai Baht
1 KWD = 0.00948076218622527 THB
Example: convert 15 KWD to THB:
15 KWD = 15 × 0.00948076218622527 THB = 0.142211432793379 THB
Kuwaiti Dinar to Thai Baht 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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.