Convert Kuwaiti Dinar to Saudi Riyal
Please provide values below to convert Kuwaiti Dinar [KWD] to Saudi Riyal [SAR], or Convert Saudi Riyal to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Saudi Riyal
1 KWD = 0.08144 SAR
Example: convert 15 KWD to SAR:
15 KWD = 15 × 0.08144 SAR = 1.2216 SAR
Kuwaiti Dinar to Saudi Riyal Conversion Table
| Kuwaiti Dinar | Saudi Riyal |
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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.
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.