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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.79%
New listings on Bitget: Pi Network
BTC/USDT$77468.01 (-6.34%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.79%
New listings on Bitget: Pi Network
BTC/USDT$77468.01 (-6.34%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
$SPONGE
KWD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Sponge($SPONGE) to Kuwaiti Dinar(KWD). This is the real-time data. The current conversion shows 1 $SPONGE at a value of 1 $SPONGE for 0.00 KWD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
KWD information
About Kuwaiti Dinar (KWD)
The Kuwaiti Dinar (KWD), introduced in 1961, is not merely the official currency of Kuwait; it is a symbol of the nation's economic strength and stability. It is commonly abbreviated as KWD and represented by the symbol د.ك. With its high value, the Dinar reflects Kuwait's significant oil wealth and its role as a key player in the global energy market.
Historical Background
The introduction of the Kuwaiti Dinar coincided with Kuwait’s independence from British protection. It replaced the Gulf Rupee and marked a new era of monetary sovereignty, mirroring the country’s newfound political independence. The Dinar was initially pegged to the British Pound and later to a basket of currencies, reflecting Kuwait's strong international trade relations.
Design and Symbolism
The design of the Kuwaiti Dinar combines elements of Kuwait’s rich history, cultural heritage, and modern achievements. Banknotes feature images of key landmarks, traditional dhow sailing ships, and contemporary architectural marvels. These designs serve as a testament to Kuwait’s journey from a small trading post to a modern, prosperous nation.
Economic Role
The Dinar plays a crucial role in Kuwait’s economy, which is heavily reliant on oil exports. As one of the world’s strongest currencies, it underpins domestic economic stability and facilitates international trade. The Dinar's strength is a key factor in Kuwait's economic resilience and its ability to attract foreign investment.
Monetary Policy and Stability
Managed by the Central Bank of Kuwait, the Dinar benefits from prudent monetary policies aimed at maintaining its high value and stability. Kuwait's vast foreign exchange reserves, largely accrued from oil revenues, bolster the currency's strength, providing a buffer against economic fluctuations.
The Dinar in International Trade
In international trade, the strength of the Kuwaiti Dinar is a double-edged sword. While it signifies economic might, it can also affect the competitiveness of non-oil exports. Balancing the Dinar's value is crucial for maintaining a healthy trade balance.
Remittances and the Economy
Remittances play a role in Kuwait’s economy, with a significant expatriate population sending earnings in Dinars to their home countries. These outflows are an important aspect of the currency's circulation in the global financial system.
Bitget crypto-to-fiat exchange data shows that the most popular Sponge currency pair is the $SPONGE to KWD, with for Sponge's currency code being $SPONGE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KWD.
$SPONGE to KWD conversion rate trend
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In the past 1D, Sponge has changed -5.16% to KWD. Based on the trend and price charts, Sponge($SPONGE) has changed -5.16% to KWD while Kuwaiti Dinar(KWD) has changed % to $SPONGE in the last 24 hours.
$SPONGE to KWD market statistics
$SPONGE/KWD:
د.ك 0.0001015
$SPONGE 24h volume:
د.ك 27,661.01
$SPONGE market cap:
--
$SPONGE circulating supply:
0 $SPONGE
More info about Sponge on Bitget
Current $SPONGE to KWD exchange rate
Sponge to Kuwaiti Dinar is falling this week.Sponge's current market price is د.ك 0.0001015 per $SPONGE, with a total market cap of د.ك 0 KWD based on a circulating supply of -- $SPONGE. The trading volume of Sponge has changed by -13.66% (د.ك -4,376.18 KWD) in the last 24 hours. Last trading day, $SPONGE's trading volume was د.ك 32,037.19.
$SPONGE to KWD Conversion tables
The exchange rate of Sponge is increasing.1 $SPONGE is currently valued at د.ك 0.0001015 KWD , which means buying 5 $SPONGE will cost د.ك 0.0005075 KWD . Similarly, د.ك1 KWD can be traded for 9,852.12 $SPONGE, and د.ك50 KWD can be converted to 492,606.03 $SPONGE, excluding any platform or gas fees.
The exchange rate of 1 $SPONGE to Kuwaiti Dinar has changed by -6.27% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.16%, reaching a high of 0.0001107 KWD and a low of 0.0001015 KWD . One month ago, the value of 1 $SPONGE was د.ك 0.{4}9689 KWD , which represents a +4.76% change from its current value. Over the last year, Sponge has changed by , resulting in a change of +391.48% in its value.
+د.ك
0.{4}8085KWD$SPONGE to KWD
Amount
12:55 today
0.5 $SPONGE
د.ك0.{4}5075
1 $SPONGE
د.ك0.0001015
5 $SPONGE
د.ك0.0005075
10 $SPONGE
د.ك0.001015
50 $SPONGE
د.ك0.005075
100 $SPONGE
د.ك0.01015
500 $SPONGE
د.ك0.05075
1000 $SPONGE
د.ك0.1015
KWD to $SPONGE
Amount12:55 today
0.5KWD4,926.06 $SPONGE
1KWD9,852.12 $SPONGE
5KWD49,260.6 $SPONGE
10KWD98,521.21 $SPONGE
50KWD492,606.03 $SPONGE
100KWD985,212.07 $SPONGE
500KWD4,926,060.34 $SPONGE
1000KWD9,852,120.68 $SPONGE
$SPONGE to KWD Today vs. 24 hours ago
| Amount | 12:55 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 $SPONGE | د.ك0.{4}5075 | د.ك0.{4}5351 | -5.16% |
| 1 $SPONGE | د.ك0.0001015 | د.ك0.0001070 | -5.16% |
| 5 $SPONGE | د.ك0.0005075 | د.ك0.0005351 | -5.16% |
| 10 $SPONGE | د.ك0.001015 | د.ك0.001070 | -5.16% |
| 50 $SPONGE | د.ك0.005075 | د.ك0.005351 | -5.16% |
| 100 $SPONGE | د.ك0.01015 | د.ك0.01070 | -5.16% |
| 500 $SPONGE | د.ك0.05075 | د.ك0.05351 | -5.16% |
| 1000 $SPONGE | د.ك0.1015 | د.ك0.1070 | -5.16% |
$SPONGE to KWD Today vs. 1 month ago
| Amount | 12:55 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 $SPONGE | د.ك0.{4}5075 | د.ك0.{4}4845 | +4.76% |
| 1 $SPONGE | د.ك0.0001015 | د.ك0.{4}9689 | +4.76% |
| 5 $SPONGE | د.ك0.0005075 | د.ك0.0004845 | +4.76% |
| 10 $SPONGE | د.ك0.001015 | د.ك0.0009689 | +4.76% |
| 50 $SPONGE | د.ك0.005075 | د.ك0.004845 | +4.76% |
| 100 $SPONGE | د.ك0.01015 | د.ك0.009689 | +4.76% |
| 500 $SPONGE | د.ك0.05075 | د.ك0.04845 | +4.76% |
| 1000 $SPONGE | د.ك0.1015 | د.ك0.09689 | +4.76% |
$SPONGE to KWD Today vs. 1 year ago
| Amount | 12:55 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 $SPONGE | د.ك0.{4}5075 | د.ك0.{4}1033 | +391.48% |
| 1 $SPONGE | د.ك0.0001015 | د.ك0.{4}2065 | +391.48% |
| 5 $SPONGE | د.ك0.0005075 | د.ك0.0001033 | +391.48% |
| 10 $SPONGE | د.ك0.001015 | د.ك0.0002065 | +391.48% |
| 50 $SPONGE | د.ك0.005075 | د.ك0.001033 | +391.48% |
| 100 $SPONGE | د.ك0.01015 | د.ك0.002065 | +391.48% |
| 500 $SPONGE | د.ك0.05075 | د.ك0.01033 | +391.48% |
| 1000 $SPONGE | د.ك0.1015 | د.ك0.02065 | +391.48% |
How to convert $SPONGE to KWD
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Convert $SPONGE to KWD
Use a variety of payment options to buy Sponge on Bitget. We'll show you how.
Learn MoreBuy $SPONGE (or USDT) for KWD (Kuwaiti Dinar) offers
Bitget P2P trading does not currently support direct buying of $SPONGE with KWD. However, you can buy USDT in Bitget P2P trading first, and then buy $SPONGE with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell $SPONGE (or USDT) for KWD (Kuwaiti Dinar) offers
Bitget P2P trading currently does not support direct selling of $SPONGE to KWD. However, you can first exchange $SPONGE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of $SPONGE to KWD?
There are many factors that affect the relationship between Sponge and Kuwaiti Dinar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of $SPONGE/KWD. When there is positive news in the market about the widespread adoption of $SPONGE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of $SPONGE/KWD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in $SPONGE/KWD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of $SPONGE/KWD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Sponge and adjust their investment strategies accordingly in the evolving market.
Sponge price prediction
What will the price of $SPONGE be in 2026?
Based on $SPONGE's historical price performance prediction model, the price of $SPONGE is projected to reach $0.0003146 in 2026.
What will the price of $SPONGE be in 2031?
In 2031, the $SPONGE price is expected to change by +19.00%. By the end of 2031, the $SPONGE price is projected to reach $0.0005929, with a cumulative ROI of +77.59%.
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Popular Sponge Converter
Check out these popular currency conversions of Sponge to several fiat currencies.
$SPONGE to TWD
1 $SPONGE to NT$ 0.01090 TWD
$SPONGE to CNY
1 $SPONGE to ¥ 0.002411 CNY
$SPONGE to KWD
1 $SPONGE to د.ك 0.0001015 KWD
$SPONGE to USD
1 $SPONGE to $ 0.0003299 USD
$SPONGE to EUR
1 $SPONGE to € 0.0003012 EUR
$SPONGE to CAD
1 $SPONGE to $ 0.0004699 CAD
$SPONGE to KRW
1 $SPONGE to ₩ 0.4831 KRW
$SPONGE to JPY
1 $SPONGE to ¥ 0.04824 JPY
$SPONGE to GBP
1 $SPONGE to £ 0.0002574 GBP
$SPONGE to BRL
1 $SPONGE to R$ 0.001928 BRL
Popular cryptocurrencies to KWD
Explore other cryptocurrencies based on your interest in Sponge.
BTC to KWD
1 BTC to د.ك 23,630.95 KWD
ETH to KWD
1 ETH to د.ك 461.42 KWD
XRP to KWD
1 XRP to د.ك 0.5450 KWD
SOL to KWD
1 SOL to د.ك 31.17 KWD
DOGE to KWD
1 DOGE to د.ك 0.04290 KWD
ADA to KWD
1 ADA to د.ك 0.1675 KWD
BNB to KWD
1 BNB to د.ك 167.45 KWD
SUI to KWD
1 SUI to د.ك 0.5682 KWD
TRUMP to KWD
1 TRUMP to د.ك 2.36 KWD
LINK to KWD
1 LINK to د.ك 3.34 KWD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Sponge and KWD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Sponge and KWD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Sponge in KWD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
