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.
GALA to KWD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | د.ك0.01072 | 0.0200% / 0.0320%VIP 7 | |
Binance | د.ك0.01071 | 0.1000% / 0.1000% | Yes |
OKX | د.ك0.01070 | 0.080% / 0.100% | Yes |
Huobi | د.ك0.01071 | 0.1000% / 0.1000% | Yes |
Gate.io | د.ك0.01070 | 0.1000% / 0.1000% | Yes |
Bybit | د.ك0.01071 | 0.1000% / 0.1000% | Yes |
KuCoin | د.ك0.01070 | 0.1000% / 0.1000% | Yes |
Bitfinex | د.ك0.01072 | 0.1000% / 0.1000% | Yes |
How to buy Gala
Buy GALA (or USDT) for KWD (Kuwaiti Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell GALA (or USDT) for KWD (Kuwaiti Dinar) offers
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 Gala to Kuwaiti Dinar?
Gala to Kuwaiti Dinar is falling this week.Conversion tables
The exchange rate of Gala is increasing.GALA to KWD
KWD to GALA
Today vs. 24 hours ago
Amount | 07:31 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GALA | $0.01742 | $0.01747 | -0.26% |
1 GALA | $0.03484 | $0.03493 | -0.26% |
5 GALA | $0.1742 | $0.1747 | -0.26% |
10 GALA | $0.3484 | $0.3493 | -0.26% |
50 GALA | $1.74 | $1.75 | -0.26% |
100 GALA | $3.48 | $3.49 | -0.26% |
500 GALA | $17.42 | $17.47 | -0.26% |
1000 GALA | $34.84 | $34.93 | -0.26% |
Today vs. 1 month ago
Amount | 07:31 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 GALA | $0.01742 | $0.01576 | +10.54% |
1 GALA | $0.03484 | $0.03152 | +10.54% |
5 GALA | $0.1742 | $0.1576 | +10.54% |
10 GALA | $0.3484 | $0.3152 | +10.54% |
50 GALA | $1.74 | $1.58 | +10.54% |
100 GALA | $3.48 | $3.15 | +10.54% |
500 GALA | $17.42 | $15.76 | +10.54% |
1000 GALA | $34.84 | $31.52 | +10.54% |
Today vs. 1 year ago
Amount | 07:31 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GALA | $0.01742 | $0.01552 | +12.22% |
1 GALA | $0.03484 | $0.03104 | +12.22% |
5 GALA | $0.1742 | $0.1552 | +12.22% |
10 GALA | $0.3484 | $0.3104 | +12.22% |
50 GALA | $1.74 | $1.55 | +12.22% |
100 GALA | $3.48 | $3.1 | +12.22% |
500 GALA | $17.42 | $15.52 | +12.22% |
1000 GALA | $34.84 | $31.04 | +12.22% |
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