Convert Kuwaiti Dinar to Israeli New Shekel
Convert Kuwaiti Dinar (KWD) to Israeli New Shekel (ILS) using daily updated exchange rates.
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Exchange Rate
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About Kuwaiti Dinar
The Kuwaiti Dinar (KWD) consistently holds the title of the world's highest-valued currency unit by exchange rate - 1 Kuwaiti Dinar is currently worth approximately 3.25 US Dollars. Introduced in 1961 when Kuwait gained independence from Britain, it replaced the Gulf rupee. Kuwait is a small but immensely wealthy Gulf state with the world's sixth-largest proven oil reserves relative to its size, generating enormous per capita wealth. The Central Bank of Kuwait manages the dinar, which is pegged to an undisclosed basket of currencies.
About Israeli New Shekel
The Israeli New Shekel (ILS) has been the official currency of Israel since 1986, replacing the old shekel at a rate of 1,000 to 1. The shekel is one of the oldest monetary units in human history, mentioned throughout the Hebrew Bible as a weight of silver. The Bank of Israel manages monetary policy with a free-floating exchange rate. Israel has a highly developed, technology-driven economy - often called the "Start-Up Nation" - with significant exports of software, semiconductors, pharmaceuticals, and diamond cutting and polishing. The new shekel is divided into 100 agorot.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).