1 IQD to KWD - Convert Iraqi Dinar to Kuwaiti Dinar

Looking at the 30-day window, the IQD/KWD pair traded in a range of 0.000200 to 0.000234. The monthly average was 0.000201 with 2.99% volatility. This upward movement of 17% suggests significant momentum in the IQD/KWD exchange rate.

The current mid-market exchange rate is 1 IQD = 0.000235 KWD, updated as of July 3, 2026, 6:26 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Iraqi Dinar to Kuwaiti Dinar Exchange Rate

The IQD/KWD exchange rate tells you how many Kuwaiti Dinar (KWD) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 0.000235 KWD, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

How to Get the Best IQD to KWD Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. Understanding the fundamentals behind IQD helps contextualize its exchange rate movements against KWD and other currencies.

Kuwaiti Dinar Overview

The Kuwaiti Dinar (KWD) is the official currency of Kuwait and the world's highest-valued currency unit. Kuwait's oil reserves and sovereign wealth fund support the dinar's exceptional purchasing power. The KWD exchange rate against IQD reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 IQD = 0.000235 KWD shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.

Reverse Rate: KWD to IQD

The reverse exchange rate is 1 KWD = 4,255.32 IQD. This is useful if you are starting with Kuwaiti Dinar and want to know how much Iraqi Dinar you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated KWD to IQD converter for the reverse direction.