The exchange rate between the Kuwaiti Dinar (KWD) and the Pakistani Rupee (PKR) holds substantial significance for Pakistani expatriates in Kuwait and businesses involved in bilateral trade. As of September 19, 2024, the KWD to PKR rate is anticipated to experience fluctuations influenced by factors such as global economic trends, oil prices, and the monetary policies of both Kuwait and Pakistan.
Chart of KWD To PKR Rate Today 19 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | – | – |
| Open Market | – | – |
Disclaimer:
- The rates shown are estimations and can vary depending on the financial institution.
- Always confirm the current rate before any transactions.
Thoughts on Kuwaiti Dinar Rates
The KWD/PKR exchange rate has a major impact on the value of remittances sent by Pakistani workers in Kuwait. A stronger Dinar means their remittances have greater purchasing power back in Pakistan, which can boost the local economy. The rate also affects businesses engaged in trade between the two countries. The State Bank of Pakistan keeps a close eye on the exchange rate and may intervene when necessary to maintain stability.
Other Top 10 Currencies Rate (September 19, 2024)
| Country | Currency | 1 KWD = |
|---|---|---|
| United States | US Dollar (USD) | 3.28 |
| European Union | Euro (EUR) | 3.00 |
| United Kingdom | Pound Sterling (GBP) | 2.59 |
| Japan | Japanese Yen (JPY) | 467.50 |
| China | Chinese Yuan (CNY) | 23.30 |
| India | Indian Rupee (INR) | 271.20 |
| Canada | Canadian Dollar (CAD) | 4.46 |
| Australia | Australian Dollar (AUD) | 4.98 |
| Switzerland | Swiss Franc (CHF) | 3.02 |
| South Korea | South Korean Won (KRW) | 4338.00 |
Conclusion
The KWD to PKR exchange rate remains a vital economic link between Kuwait and Pakistan. Its fluctuations can impact remittances, trade, and the broader economic landscape. While it’s challenging to predict the exact rate for September 19th, understanding the influencing factors and keeping abreast of market trends enables both individuals and businesses to make well-informed financial decisions.
