Convert Kuwaiti Dinar to Swedish Krona
Please provide values below to convert Kuwaiti Dinar [KWD] to Swedish Krona [SEK], or Convert Swedish Krona to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Swedish Krona
1 KWD = 0.0319981559674361 SEK
Example: convert 15 KWD to SEK:
15 KWD = 15 × 0.0319981559674361 SEK = 0.479972339511541 SEK
Kuwaiti Dinar to Swedish Krona 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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.