Last Updated at: 6:00:02 PM 2022-05-22
|Last 7 Day KWD to PKR Rates Forecast Table|
|Date||Buying Rates||Selling Rates|
Today according to open market rates 1000 KWD to PKR is 481850 Pakistani Rupee Buying Rate and 484350 Pakistani Rupee Selling Rate. KWD stands for Kuwaiti Dinar, and PKR stands for Pakistani Rupees. The Kuwaiti Dinar is among the top trading currency in the world with the almost highest rate and stability.
KWD stands for Kuwaiti Dinar and is the highest valued currency unit so far. One Kuwaiti Dinar has sub-units of 1000 fils and the ISO code as KWD.The banknotes denomination is ¼ , ½ , 1, 5,10,20 dinars and coins denominations are 1,5,10,20,50,100 fils. Since the issuance of KWD, it has passed through 6 series till today. Right after liberation from Iraq, the 4th series revised the currency format and ensured security and swift economic recovery. With passage in the 6th series, it made certain design changes for blind people to distinguish the banknotes.
Kuwaiti Dinar is among the most stable currency connected to the value of a package of cash instead of the US dollar. However, it’s one of the most trading currencies in the entire world, and therefore, in exchange markets, the demand and supply are smooth. The main reason is the vast oil reserves, and Kuwait's petroleum-based economy supplies most of the petroleum needs, around 10% of the global markets.
KWD to PKR economy
Since Pakistan is among the developing economies with an unstable currency rate, the need for a regular exchange rate is in use. Moving towards KWD to PKR, PKR is a relatively unstable and anticipated currency in the trade market. On the contrary, KWD has the highest exchange rate, almost equivalent to Great Britain pound.
Foreign Affairs and Trade
However, Kuwait-Pakistan relations are healthy and have their embassies in both countries. Though Pakistani Armed Forces actively supported Kuwait in liberation from Iraq. Almost $750 exports from Kuwait to Pakistan and from Pakistan to Kuwait $50 million helped maintain the trade. Moreover, there are further plans to involve both countries on progressive economic ties.
Kuwait host many expatriates, and around 70% of the total population in the country are expatriates. Therefore a considerable workforce has Pakistani Citizens working and sending remittances to Pakistan. However, it creates a need to find the accurate currency exchange rate of KWD to PKR, and we serve you for the purpose. People living in Pakistan and Pakistani Citizens in Kuwait also frequently browse open market rates of KWD to PKR to assess the accurate currency exchange rate.
Kuwait is a trade partner and provides essential financial Support from KWD to PKR during catastrophic situations and elevates poverty in Pakistan. In the 2005 earthquake disaster, Kashmir funds, and during the 2010 floods, collected donations from the public sector to return it from KWD to PKR as a goodwill gesture.
ExchangePKR Currency Converter Tool
Here we offer you a fantastic currency conversion tool that enables you to find an accurate and updated KWD to PKR rate according to the open market rate list. Here you will find it will help you calculate your budget and saves you from fraudulent money hunters.