INR to KWD Converter

When it comes to international vacations, what are you most concerned about? Is it finding the best forex rates or finding deals on hotels and flights? If you have an upcoming trip to Kuwait and are searching for the best INR to Kuwaiti Dinar rate, then you have arrived at the right place. And, if you are confused about whether to visit Kuwait or not and the current INR to KWD rate, then we have something that you must read!

Importance of the Kuwaiti Dinar

KWD stands for Kuwaiti Dinar. The Kuwaiti Dinar is abbreviated as KWD on the foreign exchange market. The Kuwaiti Dinar is the official currency of the State of Kuwait. The state of Kuwait is an Arab State situated in the Gulf of Persia. The state of Kuwait is an Emirate where the Emir is the head of the State. Currently, the ruling family is ""Al Sabah"". Kuwait is situated between Iraq and Saudi Arabia. The state of Kuwait is oil-producing in the Middle East. The economy of the state of Kuwait is dependent on oil thereby making it one of the wealthiest economies in the world.

The Kuwaiti Dinar is the most valuable currency in the world. As compared to other currencies across the globe the Kuwaiti Dinar fluctuates very less. The KWD is pegged to undisclosed currencies.

Introduction of the Kuwaiti Dinar

The Kuwaiti Dinar was introduced in the year 1961. It came into existence by replacing the Gulf rupee. Kuwait gained freedom from the United Kingdom in the year 1961. Post-independence Kuwaiti Currency Board was established under the Kuwaiti Currency law for the printing and circulation of the Kuwaiti Dinar. Kuwaiti Dinar replaced the Gulf Rupee. Until, 1966 both the Indian Rupee and Kuwaiti Dinar were used as official currencies however, after the devaluation of the Indian Rupee.

From 1975 to 2003, the Kuwaiti dinar was pegged to a weighted currency basket which was determined by the Kuwaiti currency board. From 2003 to 2007, the Kuwaiti dinar was pegged to the US Dollar. However, since 2007, the Kuwaiti Dinar is pegged to an undisclosed currency basket.

The Coins minted are available in the denominations of 5 fils, 10 fils, 20 fils, 50 fils, and 100 fils. 1 fil KWD coin was minted initially and is in circulation however no new 1 fil coins are minted since 1988. The KWD banknote denominations are ¼ dinar, ½ dinar, 1 dinar, 5 dinars, 10 dinars, and 20 dinars. One of the key features of the Kuwaiti Dinar currency notes is that it is identifiable by visually impaired people.

Factors that affect the exchange of the Kuwaiti Dinar to INR

The Kuwaiti Dinar is one of the most expensive currencies in the world. The Kuwaiti dinar has low volatility and is used limited in global trade. Therefore the KWD is not used as a speculative trading currency in the forex market. The minimal fluctuation in the Kuwaiti dinar makes it the most powerful currency in the world. However, the fluctuation in the exchange rate between KWD and INR is due to the Indian Rupee gaining or losing value. The following reasons are the few factors that affect the exchange rate between the Kuwaiti Dinar and the Indian Rupee.

Convert Kuwaiti Dinar to INR Online as per Today's Conversion Rate

The conversion of the Kuwaiti Dinar to the Indian Rupee can be done in two ways i.e., using the online currency conversion calculator or doing it manually way. Doing the currency conversion between KWD and INR is very simple. Let us convert 100 Kuwaiti dinars to Indian rupees for understanding the foreign currency exchange amount in INR.

Convert Kuwaiti Dinar to INR

Above we have seen the foreign currency conversion of the Kuwaiti Dinar to Indian Rupee. Let us understand the currency conversion between INR to KWD. The currency conversion depends on today's exchange rate between both currencies.

From the above conversion, we can understand that the Kuwaiti dinar is an expensive currency as compared to Indian Rupee. Therefore, earning money in KWD and utilizing it in Indian Rupee is beneficial. Also, while converting the currency it is recommended to check the current exchange rate to get the best foreign currency exchange deal.

How are Kuwaiti Dinar -INR Rates Determined?

The foreign currency rates of the Kuwaiti Dinar and Indian Rupee are determined by the central banks of the respective countries. And also on the factors like the economic decision taken by the government and banks of both countries.

Kuwaiti Dinar and INR Overview

Kuwaiti Dinar is the most powerful currency in the world. The market statistics of the performance of the Kuwaiti Dinar to the Indian Rupee are as under:

Why Kuwait?

Kuwait is a country in the Middle East and has a cultural heritage dating back to the olden times. The modern capital, Kuwait City, is known for its rising skyscrapers, the striking Kuwait Towers, and classic mosques. The state of Kuwait is an oil-rich country that is surrounded by powerful neighbors, including Saudi Arabia, Iraq and Iran.

If you are an adventure enthusiast, then this is the place you should visit as it offers a range of water sports, such as scuba diving and sailing. You would be surprised to know that Kuwait has an interesting history of fishing pearls and was recognized as one of the largest pearl exporters of those times.

If you are looking at indulging in some soothing retail therapy, then you must pack your bags and head to Souk Mubarakeya, Kuwait. The best time to visit Kuwait starts from November to early April. Owing to its typical desert climate, the country is one of the hottest places during summer on earth. Therefore it is essential to plan smartly.

Planning an international trip does not stop at finding the best deals on hotels, flights, water sports, and must-visit places. It also includes taking into consideration the forex rates . Knowing the value of 1 INR to KWD can help you make the right cost calculations and this can be extremely useful for Indian travelers and also those who are travelling on a budget.

Moreover, it is more cost-effective and hassle-free to convert Indian Rupee to Kuwaiti Dinar in India. It protects you from converting your INR to Kuwaiti Dinar at an inflated exchange rate in Kuwait. At Thomas Cook, we know the importance of every penny. Thus, our experts strive at providing you with world-class travel solutions. From flight tickets to foreign exchange, we have a comprehensive list of offerings.

Want to know the live INR to KWD exchange rate?

Thomas Cook introduces its 24x7 online currency converter that enables you to track the exchange rate. Whether you are in India or Kuwait, you can check this online tool and know the precise amount that you are spending on your activities overseas. You can speak to our forex expert and understand the complicated math that is involved in INR to KWD conversion and if you are satisfied, you could buy forex online at Thomas Cook.

How to buy forex online?

To convert the Indian Rupee to Kuwaiti Dinar, you are required to log on to the Thomas Cook website, enter your details and within 24 hours, you will have your travel card in your hand. Our years of expertise help us offer you the most competitive INR to Kuwaiti Dinar rate in the market.

Other benefits of partnering with Thomas Cook include blocking INR to KWD exchange rate, 24-hour delivery, reconversion of Kuwaiti Dinar to INR and 4% advance payment option. Our years of commitment towards our clients have helped us become one of the world's trusted travel partners, and people from across the globe rely on us for all their forex requirements.

What are you waiting for? Head to our website and find the on-going INR to Kuwaiti Dinar exchange rate. Still have concerns regarding INR to Kuwaiti Dinar conversion? Visit the nearest Thomas Cook or speak to our forex expert over a call.