KWD to MAD Exchange Rate Today
Kuwaiti Dinar to Moroccan Dirham conversion for workers in Kuwait. Our KWD/MAD calculator provides 30-minute rate updates for remittances from Kuwait City, Ahmadi, Salmiya to Casablanca, Rabat, Tangier across Morocco.
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Sending 1,000.00 KWD → MAD
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Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is today's Kuwaiti Dinar to Moroccan Dirham rate?
The KWD to MAD exchange rate typically ranges between 32-34 MAD per 1 KWD. The Kuwaiti Dinar is the world's strongest currency and is pegged to a weighted basket of currencies. With Moroccans working in Kuwait's domestic work, construction, and service sectors, KWD to MAD is a significant Gulf-North Africa remittance corridor. The high KWD value means workers can send substantial support home. Check our live converter for today's exact rate from OpenExchangeRates.
Which is the cheapest way to send money from Kuwait to Morocco?
Workers in Kuwait City, Ahmadi, and Salmiya sending to Casablanca, Rabat, or Tangier have several options: Al Mulla Exchange and Lulu Exchange offer competitive KWD to MAD rates (1-1.5% margins), Kuwait Finance House (KFH) and National Bank of Kuwait provide reliable service with moderate fees (KWD 2-4 plus 2% margin), Western Union and MoneyGram have extensive Morocco networks with branches in every city, and online platforms like Wise offer transparent pricing. Exchange houses typically beat banks by KWD 4-8 per transaction for most transfers.
Why does KWD to MAD rate fluctuate?
KWD/MAD movements reflect: Kuwait's currency basket peg (includes USD, EUR, JPY, GBP), oil prices (Kuwait is a major OPEC producer), Morocco's economic performance, Bank Al-Maghrib monetary policy, Euro strength (Morocco's largest trading partner is EU), and global currency trends. Since KWD is pegged to a basket rather than just USD, it's more stable than other Gulf currencies. When oil revenues boost Kuwait's economy or MAD weakens due to inflation or tourism decline, you get more dirhams per dinar. Morocco's phosphate exports and remittance inflows also affect the dirham.
Do Kuwaiti banks give fair KWD to MAD exchange rates?
Kuwaiti banks (KFH, NBK, Gulf Bank, Burgan Bank) typically charge 2-3% margins on KWD to MAD conversions plus KWD 2-5 transfer fees. Exchange houses offer much better value: Al Mulla Exchange charges 1-1.5% with KWD 1-2 fees, Lulu Exchange and Kuwait Express provide competitive rates, and Western Union offers transparent pricing with extensive Morocco pickup. For a KWD 100 transfer, using exchange houses instead of KFH can save you KWD 3-7 in total costs. Compare the final MAD amount your family receives in Morocco.
Best time to send Dinars to Morocco?
Monitor oil price trends (drive Kuwait's economy), Bank Al-Maghrib policy meetings, Euro/MAD movements (EU is Morocco's main trade partner), Morocco's tourism season, and phosphate market prices. When KWD strengthens (oil boom, strong basket currencies) or MAD weakens (low tourism, inflation, agricultural issues), you receive more dirhams per dinar. Watch: OPEC+ production decisions, Brent crude prices, European economic data, Morocco's inflation reports, tourism statistics, and harvest forecasts. For monthly family support, regular transfers average out fluctuations. For large transfers like property or weddings, timing MAD weakness maximizes dirham value.