Convert Qatari Rial to Kuwaiti Dinar
Please provide values below to convert Qatari Rial [QAR] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Qatari Rial.
How to Convert Qatari Rial to Kuwaiti Dinar
1 QAR = 11.9187950229208 KWD
Example: convert 15 QAR to KWD:
15 QAR = 15 × 11.9187950229208 KWD = 178.781925343811 KWD
Qatari Rial to Kuwaiti Dinar Conversion Table
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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.
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.