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FX live, 150 of 153 currencies refreshed 27 Sept 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
KNET · launched 1994
Kuwait's shared banking network. Domestic debit and online payments run over KNET at a flat per-transaction fee rather than a percentage, making it very cheap on large baskets.
A scheme- or regulator-set rate, or a widely reported figure. Source: KNET flat per-transaction fee.
Market
In force since 1 Feb 2021
0.10% effective
relative · from 0%
relative · 2 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
1 Feb 2021 → current
Annual pricing review.
1 Jan 2019 → 1 Feb 2021
Online pricing across every country where this method is available, with the cost on a KWD 100.000 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Kuwait | KWD 0.100 | KWD 0.100 | 0.10% | 1 Feb 2021 | Reported rate |