KWD · KWD
Kuwaiti Dinar (KWD)
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, known for its high value and stability, backed by the country's oil wealth.
Convert this currency
Converted amount
3.2449 USD
Exchange rate
1 KWD = 3.244857 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
KWD · Kuwaiti Dinar
Kuwaiti Dinar (KWD) Overview
The Kuwaiti Dinar (KWD) is the currency of the State of Kuwait, located in the Middle East. It was introduced in 1960, replacing the Gulf Rupee. The dinar is subdivided into 1,000 fils. Kuwait's economy is heavily reliant on oil exports, which has contributed to the dinar's strength and stability. The currency is issued by the Central Bank of Kuwait, which manages its monetary policy.
The Kuwaiti Dinar is often cited as one of the highest-valued currencies in the world. Its exchange rate is pegged to a basket of currencies, reflecting Kuwait's major trading partners. This peg helps maintain economic stability and predictability for international trade and investment. The dinar's high value is a result of Kuwait's substantial oil revenues and prudent fiscal management.
For travelers and businesses, understanding the KWD is essential when dealing with Kuwait. The currency is widely accepted within the country, and foreign exchange is available at banks and authorized exchange offices. As with any currency, exchange rates fluctuate, so it is advisable to check current rates before transactions. The Kuwaiti Dinar remains a symbol of the nation's economic resilience and prosperity.
- Code
- KWD
- Symbol
- KWD
- Current rate
- USD / KWD
Currency information
Last updated · 8/7/2026
The Kuwaiti Dinar was introduced in 1961, replacing the Gulf Rupee.
- Official name
- Kuwaiti Dinar
- Legal tender status
- Legal tender in Kuwait
- Decimal places
- 3
- Minor unit
- Fils · 1 KWD = 1000 Fils
- Countries
- Kuwait
- Issuing authority
- Central Bank of Kuwait
- Central bank
- Central Bank of Kuwait · Official website
- Exchange-rate regime
- Pegged to a weighted currency basket
Common banknotes
1/4 Dinar · 1/2 Dinar · 1 Dinar · 5 Dinars · 10 Dinars · 20 Dinars
Common coins
5 Fils · 10 Fils · 20 Fils · 50 Fils · 100 Fils
Also known as
KWD · Kuwaiti Dinar · د.ك
Practical notes
- The Kuwaiti Dinar is the highest-valued currency unit in the world.
- Banknotes are available in denominations of 1/4, 1/2, 1, 5, 10, and 20 dinars.
Priority currency pairs
The most useful conversions for this currency.
Kuwaiti Dinar questions
What is the KWD exchange rate?
The displayed rate is the latest available reference rate for USD/KWD. It can change throughout the day.
How can I convert KWD online?
Use the converter above to calculate indicative amounts between KWD and the other supported currencies.