Convert Kuwaiti Dinar to Malaysian Ringgit
Please provide values below to convert Kuwaiti Dinar [KWD] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Malaysian Ringgit
1 KWD = 0.0721746939547195 MYR
Example: convert 15 KWD to MYR:
15 KWD = 15 × 0.0721746939547195 MYR = 1.08262040932079 MYR
Kuwaiti Dinar to Malaysian Ringgit Conversion Table
| Kuwaiti Dinar | Malaysian Ringgit |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.