Convert Kuwaiti Dinar to New Zealand Dollar
Please provide values below to convert Kuwaiti Dinar [KWD] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to New Zealand Dollar
1 KWD = 0.182983822648292 NZD
Example: convert 15 KWD to NZD:
15 KWD = 15 × 0.182983822648292 NZD = 2.74475733972439 NZD
Kuwaiti Dinar to New Zealand 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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.