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:

    A fixed image of the future is in the worst sense ahistorical.
    Juliet Mitchell (b. 1940)

    We never exchange more than three words with a Friend in our lives on that level to which our thoughts and feelings almost habitually rise.
    Henry David Thoreau (1817–1862)

    If you could choose your parents,... we would rather have a mother who felt a sense of guilt—at any rate who felt responsible, and felt that if things went wrong it was probably her fault—we’d rather have that than a mother who immediately turned to an outside thing to explain everything, and said it was due to the thunderstorm last night or some quite outside phenomenon and didn’t take responsibility for anything.
    D.W. Winnicott (20th century)