Historic Australian dollar Kuwaiti Dinar

Australian dollar kuwaiti dinar history for December 2023. The highest quote for this month is 0.20957 (28/12/2023) and the lowest 0.21754 (25/12/2023). The difference between high and low is -3.8.

AUD KWD average rate for December 2023 is 0.20601, the change between 01/12/2023 and 31/12/2023 is -2.79 %.

01 December 20231 AUD = 0.2037 KWD
02 December 20231 AUD = 0.2061 KWD
04 December 20231 AUD = 0.2060 KWD
05 December 20231 AUD = 0.2041 KWD
06 December 20231 AUD = 0.2021 KWD
07 December 20231 AUD = 0.2019 KWD
08 December 20231 AUD = 0.2030 KWD
10 December 20231 AUD = 0.2028 KWD
11 December 20231 AUD = 0.2026 KWD
12 December 20231 AUD = 0.2022 KWD
13 December 20231 AUD = 0.2021 KWD
14 December 20231 AUD = 0.2050 KWD
15 December 20231 AUD = 0.2058 KWD
16 December 20231 AUD = 0.2059 KWD
17 December 20231 AUD = 0.2059 KWD
18 December 20231 AUD = 0.2057 KWD
19 December 20231 AUD = 0.2059 KWD
20 December 20231 AUD = 0.2077 KWD
21 December 20231 AUD = 0.2070 KWD
22 December 20231 AUD = 0.2085 KWD
23 December 20231 AUD = 0.2092 KWD
24 December 20231 AUD = 0.2090 KWD
25 December 20231 AUD = 0.2089 KWD
26 December 20231 AUD = 0.2088 KWD
27 December 20231 AUD = 0.2097 KWD
28 December 20231 AUD = 0.2102 KWD
29 December 20231 AUD = 0.2095 KWD
31 December 20231 AUD = 0.2094 KWD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.
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