The Kuwaiti Dinar (KWD) maintained a largely stable trajectory against the Pakistani Rupee (PKR) during the trading week ending May 23, 2026, with only minor fluctuations recorded in Pakistan’s open market, according to currency dealers.
As of May 23, the Kuwaiti Dinar was quoted at Rs. 878.70 for buying and Rs. 889.25 for selling, reflecting a steady close to the week. A day earlier, on May 22, the buying rate stood at Rs. 878.70 and the selling rate at Rs. 889.25, showing no significant change from the previous session.
On May 21 and May 20, the Kuwaiti currency traded at Rs. 879.28 for buying and Rs. 890.25 for selling on both days, marking the highest selling rate of the week. Earlier, on May 19, the KWD was trading at Rs. 879.18 for buying and Rs. 889.25 for selling. The week began on May 18 with the Kuwaiti Dinar at approximately Rs. 879.28 for buying and Rs. 889.06 for selling in the open market.
Overall, the KWD-PKR exchange rate remained within a narrow range throughout the week, indicating limited volatility in the foreign exchange market. Currency experts attributed the stable movement to balanced demand for Gulf currencies and consistent remittance inflows from overseas Pakistanis.
The Kuwaiti Dinar is one of the strongest and most valued foreign currencies traded in Pakistan, driven by strong employment and remittance links with Kuwait, where a significant Pakistani workforce resides. According to the World Bank, remittances from Kuwait form a vital source of foreign exchange for Pakistan. Similarly, the BBC has reported on the steady demand for Gulf currencies in South Asian markets.
Looking ahead, analysts predict the Kuwaiti Dinar will continue to trade in a tight band against the rupee, supported by stable oil prices and sustained worker remittances. The Reuters currency desk notes that Middle Eastern currencies often exhibit low volatility against Asian peers due to pegged exchange rate regimes.
Source: ARY News