Kuwaiti Dinar - Fixed Exchange Rate

Fixed Exchange Rate

From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%. The central rate translates to approximately 1 dinar = 3.33745 dollars.

From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and is now worth about US$3.609 (€2.686). It is the world's highest-valued currency unit.

Current KWD exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

Read more about this topic:  Kuwaiti Dinar

Famous quotes containing the words fixed, exchange and/or rate:

    Museums, museums, museums, object-lessons rigged out to illustrate the unsound theories of archaeologists, crazy attempts to co-ordinate and get into a fixed order that which has no fixed order and will not be co-ordinated! It is sickening! Why must all experience be systematized?... A museum is not a first-hand contact: it is an illustrated lecture. And what one wants is the actual vital touch.
    —D.H. (David Herbert)

    Ants are so much like human beings as to be an embarrassment. They farm fungi, raise aphids as livestock, launch armies into war, use chemical sprays to alarm and confuse enemies, capture slaves, engage in child labor, exchange information ceaselessly. They do everything but watch television.
    Lewis Thomas (b. 1913)

    We honor motherhood with glowing sentimentality, but we don’t rate it high on the scale of creative occupations.
    Leontine Young (20th century)