Convert New Taiwan Dollar to Kuwaiti Dinar
Please provide values below to convert New Taiwan Dollar [TWD] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Kuwaiti Dinar
1 TWD = 96.1525867714473 KWD
Example: convert 15 TWD to KWD:
15 TWD = 15 × 96.1525867714473 KWD = 1442.28880157171 KWD
New Taiwan Dollar to Kuwaiti Dinar Conversion Table
| New Taiwan Dollar | Kuwaiti Dinar |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.