IOV to KWD Converter and calculator


Conversion rates
Convert IOV to KWD
Convert KWD to IOV
IOV to KWD chart
IOV to KWD conversion data: Volatility and price changes of Starname in KWD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0007949 KWD | 0.0008703 KWD | 0.0008703 KWD | 0.0009567 KWD |
Low | 0.0007548 KWD | 0.0005230 KWD | 0.0005230 KWD | 0.0005230 KWD |
Average | 0 KWD | 0 KWD | 0 KWD | 0 KWD |
Volatility | % | % | % | % |
Change | -2.04% | +6.74% | +15.58% | -20.63% |
Starname information
IOV to KWD market statistics
Current IOV to KWD exchange rate
Starname to Kuwaiti Dinar is rising this week.More info about Starname on Bitget
Kuwaiti Dinar 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.
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IOV to KWD Conversion tables
Amount | 18:58 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 IOV | د.ك0 | د.ك0.{5}7916 | -2.04% |
1 IOV | د.ك0 | د.ك0.{4}1583 | -2.04% |
5 IOV | د.ك0 | د.ك0.{4}7916 | -2.04% |
10 IOV | د.ك0 | د.ك0.0001583 | -2.04% |
50 IOV | د.ك0 | د.ك0.0007916 | -2.04% |
100 IOV | د.ك0 | د.ك0.001583 | -2.04% |
500 IOV | د.ك0 | د.ك0.007916 | -2.04% |
1000 IOV | د.ك0 | د.ك0.01583 | -2.04% |
IOV to KWD FAQ
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