Kuwaiti Dinar to Pakistani Rupee
KWD to PKR interbank reference rate, last month
KWD to PKR conversion table
PKR to KWD conversion table
About the Kuwaiti Dinar in Pakistan
Kuwait hosts a long-established Pakistani workforce, much of it in construction, services and domestic work, and the dinar arrives overwhelmingly as remittance rather than tourist cash.
The Kuwaiti dinar is the highest-valued currency unit in the world, so a single note carries a great deal of value and small rate differences translate into large rupee amounts. It is pegged to a currency basket rather than to the dollar alone, which is why it does not track USD/PKR as tightly as the riyal or dirham.
Before you exchange KWD
Because each unit is worth so much, always confirm the quoted rate and recount before leaving the counter — an error of one dinar is worth more than an error of ten in most other currencies here.
Buy rate, sell rate and the spread
What one Kuwaiti Dinar has cost, since 1982
| Year | PKR per KWD | What happened |
|---|---|---|
| 1982 | 44.77 | The dinar is managed against a basket of currencies rather than pegged to the dollar alone. |
| 2000 | 169.06 | The float was widened after the 1998 sanctions and the rupee settled near fifty. |
| 2008 | 296.25 | A balance-of-payments crisis and an IMF programme. |
| 2019 | 509.87 | The rupee moved to a market-determined rate under the IMF programme. |
| 2023 | 1,000.00 | The rupee reached its weakest level against the dollar so far, in September. |
| Today | 898.739 | Open market buying rate, published . |
Where to exchange KWD
- Best currency exchanges in Karachi 236 branches buying and selling KWD
- Best currency exchanges in Lahore 208 branches buying and selling KWD
- Best currency exchanges in Islamabad 97 branches buying and selling KWD
- Best currency exchanges in Rawalpindi 69 branches buying and selling KWD
- Best currency exchanges in Sialkot 52 branches buying and selling KWD
- Best currency exchanges in Faisalabad 51 branches buying and selling KWD
- Best currency exchanges in Peshawar 39 branches buying and selling KWD
- Best currency exchanges in Gujranwala 35 branches buying and selling KWD
Common questions
What is the KWD to PKR rate today?
One Kuwaiti Dinar costs 902.883 Pakistani rupees to buy on the open market, and selling one gets you 898.739 rupees. This is the national open market rate, maintained by our editorial team and updated through the day — an individual counter may quote either side of it.
Why is the KWD rate at the counter different from the interbank rate?
The interbank rate is a wholesale price for trades between banks in size. A counter has to cover the cost of holding physical notes, the risk that the rate moves while it holds them, and its own margin. That gap is normal; what varies is how wide it is, which is why comparing branches is worth doing.
Is the Kuwaiti Dinar value going down?
We do not have enough recorded open market readings for KWD yet to answer that honestly. The chart above shows what has been recorded so far, and it fills as the board is updated. A rising figure means the rupee is weakening against the Kuwaiti Dinar, not the other way round.
What is the highest KWD to PKR rate ever?
We have no recorded series for KWD yet, so we cannot quote a high from our own data, and we will not repeat one we have not measured. For context, in 2023 — the rupee's weakest year so far — one Kuwaiti Dinar cost roughly 1,000 rupees.
Which rate do I get when I sell KWD?
The buying rate — 898.739 rupees per Kuwaiti Dinar today. It is called the buying rate because it is the rate the exchange company buys at; you are the one selling. The other figure, 902.883, is what you would pay to buy KWD from them.
Why is the selling rate higher than the buying rate?
Because the gap between them is what the exchange earns. A counter holds physical notes, carries the risk that the rate moves while it holds them, and pays for staff, security and the cash itself — the spread covers that. Today's gap on KWD is 4.144 rupees per unit, which is 0.46% of the selling rate. A wide spread costs you twice if you buy and then sell back, so it is worth comparing.
Do د.ك100 notes get a better rate than small notes?
For dollars, yes — the 100-dollar note usually fetches a better rate than small notes. For the Kuwaiti Dinar, denominations are generally quoted at the same rate, so a counter should not pay you less for smaller notes. Condition still matters: torn, marked or heavily creased notes are discounted or refused in any currency.
How much KWD can I buy in a day?
Up to about 1,544 KWD a day for travel, and up to about 3,089 KWD a day if you are depositing it into a foreign currency account. Those are the State Bank's limits for cash at an exchange company, written in dollars (5,000 and 10,000 USD) and converted here at today's board rate, so the figures move with the rate. Your original CNIC is required, biometric verification applies from 500 dollars upwards, and a travel purchase needs a passport, the visa where applicable and a confirmed ticket, with supporting documents from 1,000 dollars upwards.
Is the bank rate better than the open market rate?
It depends on the currency, and it is worth checking both. Today KWD sells on the open market above the interbank reference by 1.12%. As a rule the dollar trades on the open market above interbank, because cash dollars are in demand; most other currencies trade close to, or a little below, their own interbank rate. A bank will also apply its own margin and may not hold the currency in cash at all, which is why travellers usually end up at an exchange company.
Where can I exchange KWD in Pakistan?
At any exchange company licensed by the State Bank of Pakistan. We list 129 cities with verified branches, and every company shown is checked against the SBP register before it appears.
Do I need documents to buy KWD?
Yes. Your original CNIC, NICOP or POC is always required, and biometric verification applies to Pakistani nationals from USD 500 upwards. A travel purchase also needs a passport, the visa where applicable, and a confirmed ticket, with supporting documents required from USD 1,000 upwards.