Welcome to the historical overview of the KWD to AED Live Exchange Rate. This article summarizes the history of the exchange rate between the Kuwaiti dinar (KWD) and the United Arab Emirates dirhams (AED), covering today’s data on December 16, 2024.
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KWD to AED Live Exchange Rate
Two important currencies in the Gulf are the Kuwaiti Dinar (KWD) and the UAE Dirham (AED), often used for investment, commerce, and travel. The economies of the two nations, which are both part of the Gulf Cooperation Council (GCC), are closely related.
As of December 16, 2024, one Kuwaiti dinar is about equivalent to one KWD, or 11.93 AED.
11.93 AED is equal to 1 KWD.
As we have stated, the KWD is renowned for its strength. The AED is a stable currency based on the US dollar, despite not being as strong as the KWD. Because of its peg, the UAE’s economy is stable and predictable.
Read more: KWD to BDT Live Exchange Rate & Currency Converter 2024
Details about KWD to AED Live Exchange Rate
Study up on the most often used currency pairings, KWD to AED Live Exchange Rate.
Kuwaiti Dinar, or KWD
According to our currency rankings, the KWD to USD conversion rate is the most often used Kuwaiti Dinar exchange rate. Kuwaiti dinars are denoted by the currency code KWD, and KD is the currency symbol.
Emirate Dirham, or AED
According to our currency rankings, the AED to USD conversion rate is the most often used Emirati Dirham exchange rate. AED is the Emirati Dirham’s currency code. د.إ is the currency symbol.
Statistics of 1 KWD to AED
Over the past 30 days, the KWD to AED exchange rate has had a 30-day high of 11.9527 and a 30-day low of 11.9269. This indicates that 11.9428 was the 30-day average. The KWD to AED exchange rate was -0.07.
Over the past ninety days, the KWD to AED exchange rate has had a high of 12.0459 and a low of 11.9269. This indicates that 11.9766 was the 90-day average. The KWD to AED exchange rate was -0.86.
How to use Kuwait Mart 1 to convert currencies
About KWD to AED Live Exchange Rate, and how to use Kuwait Mart 1 to convert currencies, read the following sentences:
- Start a conversation: Go to the Exchange in-app and select the Exchange calculator widget to decide which currency to convert and which to receive.
- View our prices: You may view our current conversion rate and any associated costs using our currency converter.
- Trade in your cash: Once your order has been confirmed, you may store, send, or spend your new money any way you like.
Read more: KWD to GBP Live Exchange Rate & Currency Converter 2024
Factors Influencing the KWD to AED Live Exchange Rate
The KWD to AED Live Exchange Rate is subject to vary even if the AED is fixed to the USD.
The following are a few variables that may affect this currency pair:
- Economic Performance: Both Kuwait’s and the UAE’s economic well-being are important. The exchange rate may be affected by several factors, including GDP growth, inflation, and interest rate decisions made by the Central Banks of the United Arab Emirates and Kuwait.
- Oil Prices: Being significant producers of oil, Kuwait and the United Arab Emirates are both susceptible to fluctuations in the price of oil. Their economies and, in turn, their currencies may be modified by changes in oil prices.
- Regional Political Developments: Investor confidence and currency markets may be impacted by political stability and developments in the Gulf area. The KWD/AED exchange rate is susceptible to volatility due to any unpredictability or instability.
KWD to AED: Going Beyond the Fundamentals
The KWD to AED Live Exchange Rate connection has more significant ramifications than just straightforward currency exchange:
- Remittances: Since many expatriates work in each other’s nations, there is a sizable remittance flow between Kuwait and the UAE. Each currency’s supply and demand may be impacted by these remittances.
- Investment: There are prospects for investment in a number of industries in both Kuwait and the United Arab Emirates. Investors who wish to make wise choices must have a solid understanding of the exchange rate.
- Tourism: In both economies, tourism is important. The demand for each currency may be impacted by the movement of visitors between the two nations.
Compare rates from many sources, take into account any costs or commissions, and weigh the ease and security of each choice to obtain the best conversion rate.
Read more: KWD to LKR Exchange Rate & Currency Converter 2024
Conclusion about KWD to AED Live Exchange Rate
In conclusion of KWD to AED Live Exchange Rate, because Kuwait and the UAE have close economic links, the KWD to AED exchange rate is comparatively steady. Still, it’s critical to remain aware of the variables that may lead to variations. You may make wise choices whether you’re transferring money, investing in the area, or vacationing by being aware of the characteristics of this currency pair.
