CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Forex brokers with Kuwaiti dinar accounts
The Kuwaiti dinar, wey dem dey call KWD, na di official currency for Kuwait, one kontri wey dey for the Middle East. Dem introduce am for 1960, e replace the Gulf rupee for exchange rate of 13.33 rupees per dinar. Since dem introduce am, the Kuwaiti dinar dey serve as di kontri official currency, dem regulate and manage am na di Central Bank of Kuwait.
Even though dem fit trade Kuwaiti dinar for the Forex market, dem consider am as exotic currency and as result, e no dey trade as much like di major currencies. As e be so, dem no dey plenty Forex brokers wey dey offer KWD accounts to their clients. But we don do extensive research and compile top list of brokers wey dey provide KWD accounts for your convenience.
9.54
6.13
MT4MT5Deposit bonusCopy tradingHigh leveragePAMMSTP
Regulations
CySEC, FSA Seychelles, VFSC
Platforms
MT4, MT5
The Kuwaiti dinar (KWD) dey operate on pegged exchange rate system, where dem tie him value to basket of currencies, dem put plenty emphasis on the US Dollar. Apart from that, the dinar get some characteristics of commodity currency. This pegging dey provide stability for the currency and e dey enable trade and investment.
Na im important make we take note say Kuwait economy dey heavily on revenue wey dem dey get from oil export. Dis dependency on oil fit affect the value and stability of the dinar, e fit dey make am dey change based on global oil prices.
During the 2008 economic crisis, Kuwait experience one of di highest inflation rates, e reach up to 10.6%. But, since then, the kontri central bank don dey effective when e come to implementing monetary policies wey dem use keep inflation rate within manageable range for 4.8% to 0.5%.
When you consider di stability and effective monetary policies of the central bank for recent years, the Kuwaiti dinar fit dey attractive for when you wan open trading accounts. The pegged system and how dem take manage inflation rates fit give traders better environment when dem wan do business and manage currency risks.
