Convert Kuwaiti Dinar to Peruvian Nuevo Sol
Please provide values below to convert Kuwaiti Dinar [KWD] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Peruvian Nuevo Sol
1 KWD = 0.0858419765578885 PEN
Example: convert 15 KWD to PEN:
15 KWD = 15 × 0.0858419765578885 PEN = 1.28762964836833 PEN
Kuwaiti Dinar to Peruvian Nuevo Sol Conversion Table
| Kuwaiti Dinar | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.