Currency Exchange Rate, Kuwait Currency to PKR (KWD TO PKR), 29 October 2024

Today, the currency exchange rate from the Kuwait currency to the Pakistani Rupee (KWD to PKR) in the open market is recorded as 1 KWD equal to 905.90 PKR. KWD to PKR is one of the most watched and searched currency rates in Pakistan today, In this article, mypricezone will keep you updated about the current conversion rates from Kuwait currency to PKR, and other currencies like KWD to USD, KWD to AUD, KWD to EUR, etc.

CURRENCY	OPEN MARKET RATE
1 KWD TO PKR	905.90
1 KWD TO AUD	4.95
1 KWD TO CAD	4.53
1 KWD TO EUR	3.02
1 KWD TO USD	2.51
1 KWD TO BHD	1.23
1 KWD TO OMR	1.25
1 KWD TO INR	274.29
1 KWD TO GBP	2.51

Kuwaiti Dinar Rate Today In Other Currencies

The Kuwaiti Dinar is the official currency used in Kuwait. According to our currency rankings, KWD to PKR rate is one of Pakistan’s most searched currency exchange rates. As Wikipedia stated “The Kuwaiti Dinar was the currency with the highest value per base unit till 2023 and still leading, with 1 KWD equalling 3.27 USD and 905.90 PKR, ahead of the Bahraini dinar with BHD 1 equalling 2.66 US$ and 738.69 PKR, and Omani Rial at 2.60 US$ and 724.60 PKR. The ISO 4217 currency code for the Kuwaiti Dinar is “KWD“, and the currency symbol is “د.ك ‎ or KD”. Below, you’ll find the Kuwait currency rate in multiple currencies and a currency converter.

CURRENCY	CURRENCY CODE	SYMBOL	RATE IN KWD
Pakistan Rupee	PKR	$	0.0011
Bahrain Dinar	BHD	.د.ب	0.8154
Canadian Dollar	CAD	$	0.2207
China Yuan	CNY	¥	0.0430
Danish Krone	DKK	Kr	0.0445
EURO	EUR	€	0.3316
Hong Kong Dollar	HKD	$ / HK$ / 元	0.0395
Indian Rupee	INR	₹	0.0036
Japanese Yen	JPY	¥	0.0020
UK Pound	KWD	ك	0.3978
Malaysian Ringgit	MYR	RM	0.0703
NewZealand $	NZD	$	0.1835
Norwegians Krone	NOK	Kr	0.0279
Omani Riyal	OMR	ر.ع	0.7974
Romanian New Lei	RON	lei	0.0667
Qatari Riyal	QAR	ر.ق	0.0842
Saudi Riyal	SAR	SR	0.2055
Singapore Dollar	SGD	$	0.2319
Swedish Korona	SEK	Kr	0.0288
Swiss Franc	CHF	CHF	0.3542
Thai Bhat	THB	฿	0.0091
U.A.E Dirham	AED	AED	0.0835
Australian Dollar	AUD	$	0.2020
US Dollar	USD	$	0.3066

Officially printed and used Kuwaiti currency banknotes are KD 1⁄4, KD 1⁄2, KD 1, KD 5, KD 10, and KD 20. Moreover, official coins are 5, 10, 20, 50, and 100 fulus. The table below will show the rates of officially used Kuwait currency banknotes and coins according to the Pakistani rupee.

CURRENCY	OPEN MARKET RATE
1 KWD TO PKR	905.90
5 KWD TO PKR	4,529.4847
10 KWD TO PKR	9,058.9693
20 KWD TO PKR	18,117.9387

Currency Convertor

Key Factors Impacting The Kuwait Currency Dinar “KWD to PKR” Rate

Primarily Pakistan follows a managed float system, that influences Kuwait currency to PKR rate in connection to market forces but with some contribution from the State Bank of Pakistan to maintain stability, an increase or decrease in US Dollar rates can cause prices to vary, Additionally, A few of the many key factors that are impacting the currency exchange rate in Pakistan are:

Economic Instability: The overall economic instability plays a crucial role. If Pakistan’s economy is facing problems like inflation, low growth, or political instability, the value of the Pakistani rupee weakens against stronger currencies like the KWD, USD, GBP, EUR, etc
Oil Prices: Kuwait is a major global oil exporter, and its economy is primarily dependent on oil. Variations in international oil prices can strengthen or weaken the KWD to PKR rate because of revenues. As an oil importer, Pakistan might face a decrease in PKR rate when oil prices rise due to higher import costs.
Political and Geopolitical Factors: Political instability, geopolitical tensions, or economic crises can lead to uncertainty, resulting in a weaker currency against stable currencies like the EUR, USD, and GBP.

Other important factors include the Inflation Rate, Gross Domestic Product (GDP), Market Sentiments, and Foreign Exchange Reserves, which impact the Kuwait Currency rate in Pakistan.

Conclusion

The currency rate in Pakistan from KWD to PKR is influenced by a network of multiple factors, such as political instability, trade Imbalance, foreign exchange reserves, market sentiment, Oil prices, etc. Understanding these factors and their interplay is crucial for businesses, investors, and individuals alike. To make profitable decisions and keep track of the variations in currency exchange rates, it is highly suggested to stay updated with currency exchange rates.