Historic Kuwaiti Dinar Saudi riyal

Kuwaiti Dinar saudi riyal history for January 2024. The highest quote for this month is 12.222 (01/01/2024) and the lowest 12.21 (02/01/2024). The difference between high and low is 0.1.

KWD SAR average rate for January 2024 is 12.19822, the change between 01/01/2024 and 31/01/2024 is +0.13 %.

01 January 20241 KWD = 12.21 SAR
02 January 20241 KWD = 12.22 SAR
03 January 20241 KWD = 12.20 SAR
04 January 20241 KWD = 12.20 SAR
05 January 20241 KWD = 12.20 SAR
06 January 20241 KWD = 12.19 SAR
07 January 20241 KWD = 12.19 SAR
08 January 20241 KWD = 12.21 SAR
09 January 20241 KWD = 12.20 SAR
10 January 20241 KWD = 12.20 SAR
11 January 20241 KWD = 12.20 SAR
12 January 20241 KWD = 12.21 SAR
14 January 20241 KWD = 12.20 SAR
15 January 20241 KWD = 12.21 SAR
16 January 20241 KWD = 12.21 SAR
17 January 20241 KWD = 12.19 SAR
18 January 20241 KWD = 12.18 SAR
19 January 20241 KWD = 12.19 SAR
22 January 20241 KWD = 12.20 SAR
23 January 20241 KWD = 12.19 SAR
24 January 20241 KWD = 12.19 SAR
25 January 20241 KWD = 12.20 SAR
26 January 20241 KWD = 12.19 SAR
28 January 20241 KWD = 12.19 SAR
29 January 20241 KWD = 12.20 SAR
30 January 20241 KWD = 12.20 SAR
31 January 20241 KWD = 12.19 SAR

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

02/01/1961: Kuwaiti Dinar Introduced

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

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
KWD SAR January 2024
KWD SAR February 2024
KWD SAR March 2024
KWD SAR April 2024
KWD SAR May 2024
KWD SAR June 2024
KWD SAR July 2024
KWD SAR August 2024
KWD SAR September 2024
KWD SAR October 2024
KWD SAR November 2024
KWD SAR December 2024
KWD SAR January 2025