Convert Kuwaiti Dinar to Qatari Rial
Please provide values below to convert Kuwaiti Dinar [KWD] to Qatari Rial [QAR], or Convert Qatari Rial to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Qatari Rial
1 KWD = 0.0839010989010989 QAR
Example: convert 15 KWD to QAR:
15 KWD = 15 × 0.0839010989010989 QAR = 1.25851648351648 QAR
Kuwaiti Dinar to Qatari Rial Conversion Table
| Kuwaiti Dinar | Qatari Rial |
|---|
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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.