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base info OKB

OKB to Kuwaiti Dinar Converter and calculator

Convert 1OKB (OKB) to Kuwaiti Dinar (KWD) equals د.ك 16.58 | Bitget

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 OKB currency pair is the OKB to KWD, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KWD.

OKB to KWD conversion rate trend

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In the past 1D, OKB has changed +1.26% to KWD. Based on the trend and price charts, OKB(OKB) has changed +1.26% to KWD while Kuwaiti Dinar(KWD) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.ك16.58
0.0001% / 0.0004%vip-iconVIP
OKX
د.ك16.39
0.080% / 0.100%
Yes
Gate.io
د.ك16.39
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 06:00:26(UTC+0)

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

OKB to Kuwaiti Dinar is falling this week.
OKB's current market price is د.ك 16.58 per OKB, with a total market cap of د.ك 994,793,461.17 KWD based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by -49.23% (د.ك -3,103,722.93 KWD) in the last 24 hours. Last trading day, OKB's trading volume was د.ك 6,304,522.91.
Market cap
$3.23B
24h volume
$10.40M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at د.ك 16.58 KWD , which means buying 5 OKB will cost د.ك 82.9 KWD . Similarly, د.ك1 KWD can be traded for 0.06031 OKB, and د.ك50 KWD can be converted to 3.02 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Kuwaiti Dinar has changed by -7.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.26%, reaching a high of 16.84 KWD and a low of 15.78 KWD . One month ago, the value of 1 OKB was د.ك 20.17 KWD , which represents a -17.78% change from its current value. Over the last year, OKB has changed by
-د.ك
0.09842KWD
, resulting in a change of -0.59% in its value.

OKB to KWD

Amount
06:30 am today
0.5 OKB
د.ك8.29
1 OKB
د.ك16.58
5 OKB
د.ك82.9
10 OKB
د.ك165.8
50 OKB
د.ك828.99
100 OKB
د.ك1,657.99
500 OKB
د.ك8,289.95
1000 OKB
د.ك16,579.89

KWD to OKB

Amount06:30 am today
0.5KWD0.03016  OKB
1KWD0.06031  OKB
5KWD0.3016  OKB
10KWD0.6031  OKB
50KWD3.02  OKB
100KWD6.03  OKB
500KWD30.16  OKB
1000KWD60.31  OKB
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Today vs. 24 hours ago

Amount06:30 am today24 hours ago24h change
0.5 OKB$26.94$26.61
+1.26%
1 OKB$53.88$53.21
+1.26%
5 OKB$269.42$266.06
+1.26%
10 OKB$538.83$532.13
+1.26%
50 OKB$2,694.16$2,660.64
+1.26%
100 OKB$5,388.33$5,321.29
+1.26%
500 OKB$26,941.65$26,606.43
+1.26%
1000 OKB$53,883.3$53,212.86
+1.26%

Today vs. 1 month ago

Amount06:30 am today1 month ago1M change
0.5 OKB$26.94$32.77
-17.78%
1 OKB$53.88$65.54
-17.78%
5 OKB$269.42$327.72
-17.78%
10 OKB$538.83$655.45
-17.78%
50 OKB$2,694.16$3,277.24
-17.78%
100 OKB$5,388.33$6,554.48
-17.78%
500 OKB$26,941.65$32,772.4
-17.78%
1000 OKB$53,883.3$65,544.81
-17.78%

Today vs. 1 year ago

Amount06:30 am today1 year ago1Y change
0.5 OKB$26.94$27.1
-0.59%
1 OKB$53.88$54.2
-0.59%
5 OKB$269.42$271.02
-0.59%
10 OKB$538.83$542.03
-0.59%
50 OKB$2,694.16$2,710.16
-0.59%
100 OKB$5,388.33$5,420.32
-0.59%
500 OKB$26,941.65$27,101.58
-0.59%
1000 OKB$53,883.3$54,203.15
-0.59%

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.