Karachi, May 9, 2025: Kuwaiti dinar (KWD) has not moved against Pakistani rupee (PKR) on Tuesday in open market at the rate of 916.90 PKR.
Kuwaiti Dinar Rate-Daily Updates
This steady appreciation is an indicator of balanced money flows between the two countries and maintains Kuwait’s robust economic standing as one of the premier oil producers.
1 KUWAITI DINAR= 916.90 PAKISTANI RUPEES
Purists attribute stable rate to systematic remittances from Pakistani migrants in Kuwait and solid demand by foreign exchange markets for the dinar. Strong Kuwaiti oil earnings underpin strength of currency and recent actions by Pakistan to keep foreign reserves afloat have stopped steep rupee declines.
The fixed Kuwaiti Dinar rate benefits Pakistani expatriates by maintaining the purchasing power of remittances. Companies engaged in Kuwait-Pakistan trade also benefit from reduced currency volatility. The strong dinar increases the cost of living for Pakistani students and workers in Kuwait when converting earnings into rupees.
The traders will keep track of such items as fluctuations in the price of oil and the management of reserves in Pakistan, which can determine currency values. Meanwhile, the fixed rate assures security for those who trade with these currencies.
About the Currencies
Kuwaiti Dinar (KWD): The most prized currency in the world, minted by the Central Bank of Kuwait. It is pegged to a basket of currencies, and it lives on Kuwait’s oil-based economy.
Pakistani Rupee (PKR): The official currency of the country, run by State Bank of Pakistan. Its exchange rate is vulnerable to inflation, trade deficit, and foreign loans.
Experts suggest keeping an eye on the global trend in oil prices and that of the government of Pakistan for signals of an impending change in the exchange rate. Kuwaiti Dinar-Pakistani Rupee stability at the current moment gives short-term assurance for monetary transactions.
