Historic Kuwaiti Dinar Australian dollar

Kuwaiti Dinar australian dollar history for January 2024. The highest quote for this month is 4.983 (17/01/2024) and the lowest 4.951 (18/01/2024). The difference between high and low is 0.64.

KWD AUD average rate for January 2024 is 4.88915, the change between 01/01/2024 and 31/01/2024 is -3.29 %.

01 January 20241 KWD = 4.779 AUD
02 January 20241 KWD = 4.786 AUD
03 January 20241 KWD = 4.815 AUD
04 January 20241 KWD = 4.835 AUD
05 January 20241 KWD = 4.856 AUD
06 January 20241 KWD = 4.840 AUD
07 January 20241 KWD = 4.840 AUD
08 January 20241 KWD = 4.849 AUD
09 January 20241 KWD = 4.849 AUD
10 January 20241 KWD = 4.873 AUD
11 January 20241 KWD = 4.859 AUD
12 January 20241 KWD = 4.866 AUD
14 January 20241 KWD = 4.866 AUD
15 January 20241 KWD = 4.872 AUD
16 January 20241 KWD = 4.901 AUD
17 January 20241 KWD = 4.940 AUD
18 January 20241 KWD = 4.965 AUD
19 January 20241 KWD = 4.943 AUD
22 January 20241 KWD = 4.933 AUD
23 January 20241 KWD = 4.954 AUD
24 January 20241 KWD = 4.942 AUD
25 January 20241 KWD = 4.951 AUD
26 January 20241 KWD = 4.943 AUD
28 January 20241 KWD = 4.942 AUD
29 January 20241 KWD = 4.950 AUD
30 January 20241 KWD = 4.923 AUD
31 January 20241 KWD = 4.936 AUD

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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