NYE to KWD Converter and calculator


Conversion rates
Convert NYE to KWD
Convert KWD to NYE
NYE to KWD chart
NYE to KWD conversion data: Volatility and price changes of NewYork Exchange in KWD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.03616 KWD | 0.03706 KWD | 0.1489 KWD | 0.1628 KWD |
Low | 0.03330 KWD | 0.03284 KWD | 0.01927 KWD | 0.01013 KWD |
Average | 0 KWD | 0 KWD | 0 KWD | 0 KWD |
Volatility | % | % | % | % |
Change | -5.27% | +3.12% | +57.46% | -78.38% |
NewYork Exchange information
NYE to KWD market statistics
Current NYE to KWD exchange rate
NewYork Exchange to Kuwaiti Dinar is rising this week.More info about NewYork Exchange 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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NYE to KWD Conversion tables
Amount | 17:36 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NYE | د.ك0.01708 | د.ك0.01803 | -5.27% |
1 NYE | د.ك0.03416 | د.ك0.03607 | -5.27% |
5 NYE | د.ك0.1708 | د.ك0.1803 | -5.27% |
10 NYE | د.ك0.3416 | د.ك0.3607 | -5.27% |
50 NYE | د.ك1.71 | د.ك1.8 | -5.27% |
100 NYE | د.ك3.42 | د.ك3.61 | -5.27% |
500 NYE | د.ك17.08 | د.ك18.03 | -5.27% |
1000 NYE | د.ك34.16 | د.ك36.07 | -5.27% |
NYE to KWD FAQ
What factors influence the conversion rate of NYE to KWD?
Popular exchange rates — Crypto-to-Fiat converter
The price of NewYork Exchange in the US is $0.1116 USD. Additionally, NewYork Exchange’s price is €0.09665 EUR in the eurozone, £0.08219 GBP in the UK, C$0.1517 CAD in Canada, ₹9.61 INR in India, ₨31.54 PKR in Pakistan, R$0.6195 BRL in Brazil, and more.
The most popular NewYork Exchange currency pair is the NYE to Kuwaiti Dinar(KWD). The price of 1 NewYork Exchange (NYE) in Kuwaiti Dinar (KWD) is د.ك0.03416.
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