Convert Kuwaiti Dinar to Philippine Peso
Please provide values below to convert Kuwaiti Dinar [KWD] to Philippine Peso [PHP], or Convert Philippine Peso to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Philippine Peso
1 KWD = 0.0053633239261498 PHP
Example: convert 15 KWD to PHP:
15 KWD = 15 × 0.0053633239261498 PHP = 0.0804498588922471 PHP
Kuwaiti Dinar to Philippine Peso Conversion Table
| Kuwaiti Dinar | Philippine Peso |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.