Exchange Rate in Kuwait
Kuwait - Exchange RateThe economy likely registered only a mild expansion in the first quarter, as oil production cuts constrained the energy sector. While the non-oil sector should have compensated somewhat, consumer spending appeared to lose momentum, as suggested by data on ATM withdrawals and point-of-sale transactions, and softer consumer confidence. Turning to the second quarter, growth was likely similarly subdued. In April and May, oil output averaged lower than in Q1 as Kuwait boosted compliance with the OPEC deal, which will have weighed on the oil sector. However, private-sector credit growth was robust in April, while brisk consumer borrowing growth in recent months could have fed through to stronger private consumption.
Kuwait - Exchange Rate Data
|Exchange Rate (vs USD)||0.28||0.29||0.30||0.31||0.30|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||0.30||-0.05 %||Jul 11|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.