Historic Kuwaiti Dinar Qatari Rial

Kuwaiti Dinar qatari rial history for August 2023. The highest quote for this month is 11.851 (04/08/2023) and the lowest 11.867 (01/08/2023). The difference between high and low is -0.14.

KWD QAR average rate for August 2023 is 11.83685, the change between 01/08/2023 and 31/08/2023 is +0.27 %.

01 August 20231 KWD = 11.87 QAR
02 August 20231 KWD = 11.85 QAR
03 August 20231 KWD = 11.84 QAR
04 August 20231 KWD = 11.85 QAR
07 August 20231 KWD = 11.85 QAR
08 August 20231 KWD = 11.85 QAR
09 August 20231 KWD = 11.85 QAR
10 August 20231 KWD = 11.85 QAR
11 August 20231 KWD = 11.85 QAR
12 August 20231 KWD = 11.83 QAR
14 August 20231 KWD = 11.85 QAR
15 August 20231 KWD = 11.85 QAR
16 August 20231 KWD = 11.85 QAR
17 August 20231 KWD = 11.84 QAR
18 August 20231 KWD = 11.84 QAR
19 August 20231 KWD = 11.82 QAR
20 August 20231 KWD = 11.82 QAR
21 August 20231 KWD = 11.84 QAR
22 August 20231 KWD = 11.83 QAR
23 August 20231 KWD = 11.82 QAR
24 August 20231 KWD = 11.83 QAR
25 August 20231 KWD = 11.81 QAR
27 August 20231 KWD = 11.82 QAR
28 August 20231 KWD = 11.81 QAR
29 August 20231 KWD = 11.82 QAR
30 August 20231 KWD = 11.82 QAR
31 August 20231 KWD = 11.84 QAR

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on 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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

02/01/1961: Kuwaiti Dinar Introduced

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