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base info Dai

Dai to Kuwaiti Dinar Converter and calculator

Convert 1Dai (DAI) to Kuwaiti Dinar (KWD) equals د.ك 0.3084 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Dai(DAI) to Kuwaiti Dinar(KWD). This is the real-time data. The current conversion shows 1 DAI at a value of 1 DAI for 0.31 KWD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KWD information

About Kuwaiti Dinar (KWD)

The Kuwaiti Dinar (KWD), introduced in 1961, is not merely the official currency of Kuwait; it is a symbol of the nation's economic strength and stability. It is commonly abbreviated as KWD and represented by the symbol د.ك. With its high value, the Dinar reflects Kuwait's significant oil wealth and its role as a key player in the global energy market.

Historical Background

The introduction of the Kuwaiti Dinar coincided with Kuwait’s independence from British protection. It replaced the Gulf Rupee and marked a new era of monetary sovereignty, mirroring the country’s newfound political independence. The Dinar was initially pegged to the British Pound and later to a basket of currencies, reflecting Kuwait's strong international trade relations.

Design and Symbolism

The design of the Kuwaiti Dinar combines elements of Kuwait’s rich history, cultural heritage, and modern achievements. Banknotes feature images of key landmarks, traditional dhow sailing ships, and contemporary architectural marvels. These designs serve as a testament to Kuwait’s journey from a small trading post to a modern, prosperous nation.

Economic Role

The Dinar plays a crucial role in Kuwait’s economy, which is heavily reliant on oil exports. As one of the world’s strongest currencies, it underpins domestic economic stability and facilitates international trade. The Dinar's strength is a key factor in Kuwait's economic resilience and its ability to attract foreign investment.

Monetary Policy and Stability

Managed by the Central Bank of Kuwait, the Dinar benefits from prudent monetary policies aimed at maintaining its high value and stability. Kuwait's vast foreign exchange reserves, largely accrued from oil revenues, bolster the currency's strength, providing a buffer against economic fluctuations.

The Dinar in International Trade

In international trade, the strength of the Kuwaiti Dinar is a double-edged sword. While it signifies economic might, it can also affect the competitiveness of non-oil exports. Balancing the Dinar's value is crucial for maintaining a healthy trade balance.

Remittances and the Economy

Remittances play a role in Kuwait’s economy, with a significant expatriate population sending earnings in Dinars to their home countries. These outflows are an important aspect of the currency's circulation in the global financial system.

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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to KWD, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KWD.

DAI to KWD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed -0.01% to KWD. Based on the trend and price charts, Dai(DAI) has changed -0.01% to KWD while Kuwaiti Dinar(KWD) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.ك0.3082
0.0001% / 0.0004%vip-iconVIP
Kraken
د.ك0.3081
0.1000% / 0.1000%
Yes
OKX
د.ك0.3083
0.080% / 0.100%
Yes
Huobi
د.ك0.3082
0.1000% / 0.1000%
Yes
Gate.io
د.ك0.3084
0.1000% / 0.1000%
Yes
Bybit
د.ك0.3082
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 02:00:31(UTC+0)

What factors influence the conversion rate of Dai to Kuwaiti Dinar?

Dai to Kuwaiti Dinar is rising this week.
Dai's current market price is د.ك 0.3084 per DAI, with a total market cap of د.ك 1,649,099,633.97 KWD based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -49.69% (د.ك -185,103,628.21 KWD) in the last 24 hours. Last trading day, DAI's trading volume was د.ك 372,486,876.09.
Market cap
$5.35B
24h volume
$607.80M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at د.ك 0.3084 KWD , which means buying 5 DAI will cost د.ك 1.54 KWD . Similarly, د.ك1 KWD can be traded for 3.24 DAI, and د.ك50 KWD can be converted to 162.15 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Kuwaiti Dinar has changed by +0.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.01%, reaching a high of 0.3085 KWD and a low of 0.3083 KWD . One month ago, the value of 1 DAI was د.ك 0.3083 KWD , which represents a +0.01% change from its current value. Over the last year, Dai has changed by
+د.ك
0.0001764KWD
, resulting in a change of +0.06% in its value.

DAI to KWD

Amount
02:24 am today
0.5 DAI
د.ك0.1542
1 DAI
د.ك0.3084
5 DAI
د.ك1.54
10 DAI
د.ك3.08
50 DAI
د.ك15.42
100 DAI
د.ك30.84
500 DAI
د.ك154.18
1000 DAI
د.ك308.36

KWD to DAI

Amount02:24 am today
0.5KWD1.62  DAI
1KWD3.24  DAI
5KWD16.21  DAI
10KWD32.43  DAI
50KWD162.15  DAI
100KWD324.29  DAI
500KWD1,621.46  DAI
1000KWD3,242.91  DAI
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Today vs. 24 hours ago

Amount02:24 am today24 hours ago24h change
0.5 DAI$0.5001$0.5001
-0.01%
1 DAI$1$1
-0.01%
5 DAI$5$5
-0.01%
10 DAI$10$10
-0.01%
50 DAI$50.01$50.01
-0.01%
100 DAI$100.02$100.03
-0.01%
500 DAI$500.1$500.14
-0.01%
1000 DAI$1,000.21$1,000.27
-0.01%

Today vs. 1 month ago

Amount02:24 am today1 month ago1M change
0.5 DAI$0.5001$0.5001
+0.01%
1 DAI$1$1
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50.01$50.01
+0.01%
100 DAI$100.02$100.01
+0.01%
500 DAI$500.1$500.05
+0.01%
1000 DAI$1,000.21$1,000.1
+0.01%

Today vs. 1 year ago

Amount02:24 am today1 year ago1Y change
0.5 DAI$0.5001$0.4998
+0.06%
1 DAI$1$0.9996
+0.06%
5 DAI$5$5
+0.06%
10 DAI$10$10
+0.06%
50 DAI$50.01$49.98
+0.06%
100 DAI$100.02$99.96
+0.06%
500 DAI$500.1$499.82
+0.06%
1000 DAI$1,000.21$999.64
+0.06%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.