KWD to MYR - Convert Kuwaiti Dinar to Malaysian Ringgit

Convert KWD to MYR using our currency converter with real exchange rate today

1 KWD = 15.241 MYR

1 MYR = 0.066 KWD

(Mid-market exchange rate)

Last updated Jul 25, 2024 18:26 GMT

KWD to MYR conversion chart

Below is the live and historical Kuwaiti Dinar to Malaysian Ringgit rate chart so you can see today's rate - and how the rates have changed over time.

1 KWD = 15.241 MYR

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1,000 Kuwaiti Dinar to Malaysian Ringgit stats | KWD to MYR

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 15.343 15.404 15.495 15.586 15.404
Low 15.239 15.239 15.243 14.68 15.239
Average 15.291 15.338 15.355 15.274 15.338
Volatility 0.68% 1.08% 1.65% 6.17% 1.08%

What is the Kuwaiti Dinar worth against the Malaysian Ringgit today?

1 KWD is worth 15.241 MYR today

How much is 1,000 KWD worth in MYR?

At the current exchange rate of 15.241 , a sum of 1,000 Kuwaiti Dinar is worth 15,241 Malaysian Ringgit.

Which currency is stronger? KWD or MYR?

The Kuwaiti Dinar is currently stronger than the Malaysian Ringgit given that 1 KWD is equal to 15.241 MYR. Conversely, 1 MYR is worth 0.066 KWD.

Overview of KWD to MYR Performance and Trends

Today, to buy 1,000 Kuwaiti Dinar, you need 15,241 Malaysian Ringgit. On the same date last year, you needed 14,862 Malaysian Ringgit for 1,000 Kuwaiti Dinar. This change indicates that the Kuwaiti Dinar has become stronger against the Malaysian Ringgit by 2.57% over the past year.

The pair experienced moderate volatility of 6.17%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

KWD to MYR Currency Performance and Volatility

Last 7 Days

  • Performance: KD1,000 varied between RM15.239 (weekly low) and RM15.343 (weekly high), a variance of RM0.104 .
  • Volatility: Fluctuated by 0.68%.

Last 30 Days

  • Performance: KD1,000 varied between RM15.239 (30-day low) to RM15.404 (30-day high), a variance of RM0.165 .
  • Volatility: Fluctuated by 1.08%.

Last 90 Days

  • Performance: KD1,000 varied between RM15.243 (90-day low) to RM15.495 (90-day high), a variance of RM0.252 .
  • Volatility: Fluctuated by 1.65%.

Last Year

  • Performance: KD1,000 ranged from RM14.68 (yearly low) to RM15.586 (yearly high), a variance of RM0.906 .
  • Volatility: Fluctuated by 6.17%.

KWD to MYR Forecast and trending

Is the Kuwaiti Dinar going up or down against the Malaysian Ringgit?

Today's KWD to MYR exchange rate (15.24) is smaller compared to yesterday's rate (15.285).

Currency information

KWD - Kuwaiti Dinar

The currency code for Kuwaiti Dinar is KWD.

The KWD currency symbol is KD.

Minor unit: 1/1000 = Fils

KWD rank by most traded currencies: Not in top 40 traded currencies

Avg proportion of daily world trade volume: 0% (Low daily trade currency)

KWD rank by strongest currencies (buying power): 1

The Kuwaiti Dinar is the currency of 1 countries:
Kuwait

MYR - Malaysian Ringgit

The currency code for Malaysian Ringgit is MYR.

The MYR currency symbol is RM.

Minor unit: 1/100 = Sen

MYR rank by most traded currencies: 32

Avg proportion of daily world trade volume: 0.10%

MYR rank by strongest currencies (buying power): 40

The Malaysian Ringgit is the currency of 1 countries:
Malaysia

More Malaysian Ringgit (MYR) information >

Understanding KWD to MYR Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Kuwaiti Dinar to Malaysian Ringgit, to send a payment, for a trip overseas, when shopping online or to hold a balance in Malaysian Ringgit.

How to convert KWD to MYR?

You can convert Kuwaiti Dinar to Malaysian Ringgit either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Malaysian Ringgit in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in Kuwaiti Dinar cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Malaysian Ringgit in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Kuwaiti Dinar you want to send, or the amount in Malaysian Ringgit you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Malaysian Ringgit

How to get the best KWD to MYR exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best KWD to MYR exchange rate for your specific transaction.

Get to know the KWD/MYR mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the KWD/MYR mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Kuwaiti Dinar and Malaysian Ringgit. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Kuwaiti Dinar with Malaysian Ringgit?

You'll be able to exchange Malaysian Ringgit to Kuwaiti Dinar in the same way as you'd exchange Kuwaiti Dinar to Malaysian Ringgit. If you have Malaysian Ringgit in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Malaysian Ringgit. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Kuwaiti Dinar in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange KWD to MYR?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting Kuwaiti Dinar to Malaysian Ringgit (KWD to MYR)

How much is the Kuwaiti Dinar to Malaysian Ringgit?

The Kuwaiti Dinar to Malaysian Ringgit exchange rate today is 15.241 . Use this guide to learn more about exchanging KWD to MYR in the easiest and best value way for your specific needs.

How much is 1,000 Kuwaiti Dinar to the Malaysian Ringgit?

The KWD to MYR rate today is 15.241 . That means that 1,000 Kuwaiti Dinar would be worth 15,241 Malaysian Ringgit.

How to exchange Kuwaiti Dinar to Malaysian Ringgit?

Exchange KWD to MYR in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including KWD to MYR.

How to send money to Malaysia?

If you want to send money from Kuwait - or anywhere else in the world - to Malaysia, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Malaysia - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Malaysian Ringgit and Kuwaiti Dinar on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Kuwaiti Dinar to Malaysian Ringgit exchange rate with our handy tools, to help you compare your options.

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