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    OFX USD to KWD Exchange Rates

    The best USD to KWD exchange rate is 0.3089. We compare OFX conversion costs to this mid-market rate and other FX providers, find better deals.

    In this OFX Dollar to dinar (USD/KWD) rate guide:

    OFX Compare exchange rates   USD to KWD

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Kuwaiti dinar (KWD) rates from different sources before making a conversion.

    The below OFX Rate Comparison Table makes it easy to compare the Total Cost you are being charged on OFX Dollar to dinar currency rates and the possible savings of using various providers.

     

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    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

     
     

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

     
     

    USD to KWD Market Data

    US dollar (USD) to Kuwaiti dinar (KWD) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 USD =
    0.3089We compare provider deals to this wholesale mid-market rate. Read more
    KWD
    USD to KWD is at 30-day highs near 0.3090, near its 3-month average, having traded in a stable 1.0% range from 0.3062 to 0.3094
    |
    Sell USD   →   Buy KWD
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      1 KWD = 3.2368 USD
    30-DAY HIGH
    DateUSD/KWDChangePeriod
    07 Jul 2023
    0.3069
    0% 2 Week
    22 Apr 2023
    0.3064
    0.2% 3 Month
    21 Jul 2022
    0.3077
    0.2% 1 Year
    22 Jul 2018
    0.3025
    1.5% 5 Year
    23 Jul 2013
    0.2850
    7.7% 10 Year
    26 Jul 2003
    0.2989
    2.7% 20 Year
    USD/KWD historic rates & change to 21-Jul-2023

    USD/KWD - General outlooks

      US dollar:

    Economists expect the US dollar’s strength over the past year to eventually reverse into 2024 as the Fed’s interest rate hikes cycle finally comes to an end.

     
    KWD and flag

    How to get a good USD to KWD exchange rate

    There are several ways to save on exchange rates when converting US dollar to Kuwaiti dinar:

    1. Shop around for the best USD/KWD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/KWD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and KWD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Kuwaiti dinar with US dollar, then it's better for the USD/KWD exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the US dollar rise against the Kuwaiti dinar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/KWD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Kuwait - a practical currency and money guide to travel, living and doing business in Kuwait with the Kuwaiti dinar.

     
     
     

    Country Currency Guides

    United StatesUnited States (USD)KuwaitKuwait (KWD)
     

    Cost of living in Kuwait

    The cost of living in Kuwait is generally considered to be high compared to many other countries. Kuwait is a major oil-producing country with a high per capita income, and this has led to high prices for goods and services in the country. However, the cost of living in Kuwait can vary depending on a number of factors, including your personal expenses, the area in which you live, and your lifestyle. Some things that may be more expensive in Kuwait include housing, transportation, and food. However, there are also many things that are less expensive in Kuwait, such as clothing and entertainment.

    Overall, the cost of living in Kuwait is similar to that of other Gulf Cooperation Council (GCC) countries, such as the United Arab Emirates and Qatar.

    Local laws and traditions in Kuwait.

    Read more at our Kuwait (KWD) country guide

       
     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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