Convert Saudi Riyal to Kuwaiti Dinar
Please provide values below to convert Saudi Riyal [SAR] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Saudi Riyal.
How to Convert Saudi Riyal to Kuwaiti Dinar
1 SAR = 12.278978388998 KWD
Example: convert 15 SAR to KWD:
15 SAR = 15 × 12.278978388998 KWD = 184.184675834971 KWD
Saudi Riyal to Kuwaiti Dinar Conversion Table
| Saudi Riyal | Kuwaiti Dinar |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.