What is the KWD to LKR Exchange Rate? As we’ve seen, Kuwait’s oil-rich economy supports the strong and stable Kuwaiti Dinar (KWD). In contrast, Sri Lanka, an island nation with a growing economy that mostly depends on exports and tourism, uses the Sri Lankan Rupee (LKR) as its currency.
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KWD to LKR Exchange Rate
About KWD to LKR Exchange Rate, Today’s exchange rate of 944.434 between Kuwaiti dinar and Sri Lankan rupees is a 0.000% change from yesterday. The value of the Kuwaiti dinar has been rather steady during the last week, declining by -0.099% from seven days ago.
The Kuwaiti dinar to Sri Lankan rupee exchange rate has varied throughout the previous week, peaking at 945.858 on January 12, 2024, and falling to 943.077 on April 12, 2024. On 03-12-2024, there was the biggest 24-hour price change, with a value decline of -0.137%.
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Elements That Impact the KWD to LKR Exchange Rate
The KWD to LKR exchange rate may be influenced by a number of factors:
The state of the economy
A major factor is the economic success of Sri Lanka and Kuwait. The relative strength of respective currencies can be affected by variables like as GDP growth, inflation, interest rates, and governmental actions. For instance, the LKR may lose ground to the KWD if Sri Lanka has political unrest or excessive inflation.
Travel:
An important part of Sri Lanka’s economy is tourism. The demand for LKR may rise in response to more visitors, particularly from Kuwait, which might improve the value of the currency.
Transfers of funds:
Foreign exchange flows into Sri Lanka as a result of remittances sent home by Sri Lankan employees working in Kuwait. The demand for LKR and the exchange rate may be impacted by these remittances.
Exchange:
The currency rate may also be impacted by the trade balance between Kuwait and Sri Lanka. Sri Lanka may be able to strengthen the LKR and attract foreign exchange if it sells more items to Kuwait than it purchases.
Social and Political Aspects:
Sri Lanka’s social and political stability can have an impact on the currency rate and investor confidence. Currency market volatility can result from any uncertainty or instability.
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Where Can I Convert KWD to LKR?
There are several choices available to you when converting KWD to LKR:
- Banks:
Both Sri Lankan and Kuwaiti banks provide currency exchange services. Their prices, nevertheless, might not always be the most affordable.
- Changemakers of Money:
In Sri Lanka, money changers are widespread and can provide better rates than banks, particularly for minor transactions. To obtain the greatest offers, it’s essential to compare rates offered by several money changers.
- Forex platforms that operate online:
Currency conversion is made easier by online platforms. They occasionally provide cheaper costs and competitive rates, but it’s crucial to pick trustworthy platforms and be mindful of any hazards involved.
Compare rates offered by several companies, take into account any costs or commissions, and weigh the ease and security of each choice to get the best conversion rate.
Kuwait Mart: Why?
- Three seconds of credit: Money is deposited to your bank account with our 3-second credit before you leave our branch or log out of our website. There are terms and conditions.
- Global Remittance: Our remittance service makes it simple and safe to send money to over 180 countries.
- Network: We are expanding and now have alot of branches around Kuwait. We won’t be missed.
- Multilingual Employees: Our skilled customer support agents speak your language and are multilingual.
- Business: Business payments? I’m glad to help. To meet the demands of our business clients, we offer a special corporate section.
- Support for services: We are happy to assist. We are available via phone. Additionally, you may contact us by email.
- 24/7: We are available for easy remittances at any time and from any location with our mobile app and web interface.
Read more: Contract Essentials: Protecting Your Business in Kuwait
Advice for KWD to LKR Exchange Rate
When converting KWD to LKR, bear the following in mind:
- Timing: Throughout the day and week, exchange rates move. Try to exchange your money when the rate is advantageous by keeping a watch on the market.
- Comparatively, don’t accept the first rate you come across. To be sure you’re receiving the greatest bargain, compare prices offered by several companies.
- Currency Converter: To monitor exchange rates and determine how much LKR you will get in return for your KWD, use a currency converter.
- Safety: Take the appropriate safety measures to guard against loss or theft while transporting or trading significant sums of money.
What is the Exchange Rate between KWD and LKR in 2024?
The kwd to gbp live exchange rate is a crucial factor in determining the exchange rate between KWD and LKR in 2024. As these rates fluctuate, it’s important to stay updated to make informed financial decisions when dealing with currency conversions between Kuwaiti Dinar and Sri Lankan Rupee.
FAQs on the KWD to LKR Exchange Rate
In the last six months, what was the highest exchange rate between Kuwaiti dinar and Sri Lankan rupees?
When 1 Kuwaiti dinar was worth 999.9670 Sri Lankan rupees on September 21, 2024, the exchange rate was at its maximum.
In the last six months, what was the lowest exchange rate between Kuwaiti dinar and Sri Lankan rupees?
On December 5, 2024, the exchange rate was at its lowest, with one Kuwaiti dinar being worth 943.9950 Sri Lankan rupees.
For the past six months, what has been the average exchange rate between Kuwaiti dinar and Sri Lankan rupees?
Over the last six months, the average exchange rate between Kuwaiti dinar and Sri Lankan rupees was 1 Kuwaiti dinar = 974.5505 Sri Lankan rupees.
