diff --git a/django_mysqlpool/__init__.py b/django_mysqlpool/__init__.py
index 11b26c0..f524dc2 100644
--- a/django_mysqlpool/__init__.py
+++ b/django_mysqlpool/__init__.py
@@ -12,7 +12,7 @@
 from functools import wraps
 
 
-__version__ = "0.2.1"
+__version__ = "0.3.0"
 
 
 def auto_close_db(f):
diff --git a/django_mysqlpool/backends/mysqlpool/base.py b/django_mysqlpool/backends/mysqlpool/base.py
index b8bd156..df85da3 100644
--- a/django_mysqlpool/backends/mysqlpool/base.py
+++ b/django_mysqlpool/backends/mysqlpool/base.py
@@ -5,13 +5,9 @@
 from __future__ import (absolute_import, print_function, unicode_literals,
                         division)
 
-# Make ``Foo()`` work the same in Python 2 as it does in Python 3.
-__metaclass__ = type
-
-
+import collections
 import os
 
-
 from django.conf import settings
 from django.db.backends.mysql import base
 from django.core.exceptions import ImproperlyConfigured
@@ -22,6 +18,10 @@
     raise ImproperlyConfigured("Error loading SQLAlchemy module: %s" % e)
 
 
+# Make ``Foo()`` work the same in Python 2 as it does in Python 3.
+__metaclass__ = type
+
+
 # Global variable to hold the actual connection pool.
 MYSQLPOOL = None
 # Default pool type (QueuePool, SingletonThreadPool, AssertionPool, NullPool,
@@ -32,15 +32,6 @@
 DEFAULT_POOL_TIMEOUT = 119
 
 
-def isiterable(value):
-    """Determine whether ``value`` is iterable."""
-    try:
-        iter(value)
-        return True
-    except TypeError:
-        return False
-
-
 class OldDatabaseProxy():
 
     """Saves a reference to the old connect function.
@@ -58,22 +49,51 @@ def connect(self, **kwargs):
         return self.old_connect(**kwargs)
 
 
-class HashableDict(dict):
+class HashableDict(collections.OrderedDict):
 
     """A dictionary that is hashable.
 
     This is not generally useful, but created specifically to hold the ``conv``
     parameter that needs to be passed to MySQLdb.
+
+    HT to `Alex Martelli`_ for the idea of using a shared ``__key`` function.
+
+    .. _Alex Martelli: https://stackoverflow.com/a/1151686
     """
 
+    @staticmethod
+    def _is_iterable(test_me):
+        """Determine whether ``test_me`` is iterable."""
+        try:
+            iter(test_me)
+            return True
+        except TypeError:
+            return False
+
+    @staticmethod
+    def _tuplefy_as_needed(val):
+        return tuple(val) if HashableDict._is_iterable(val) else val
+
+    def __key(self):
+        return tuple((k, HashableDict._tuplefy_as_needed(v))
+                     for k, v in self.items())
+
     def __hash__(self):
         """Calculate the hash of this ``dict``.
 
-        The hash is determined by converting to a sorted tuple of key-value
-        pairs and hashing that.
+        The hash is determined by converting to a sorted tuple of
+        key-value pairs and hashing that.
+        """
+        return hash(self.__key())
+
+    def __eq__(self, other):
+        """Determine whether ``other`` is equal to this ``dict``.
+
+        The implementation of this comparison uses the same underlying
+        mechanism as ``__hash__``, in order to guarantee that ``==`` and
+        ``.hash`` are in sync.
         """
-        items = [(n, tuple(v)) for n, v in self.items() if isiterable(v)]
-        return hash(tuple(items))
+        return self.__key() == other.__key()
 
 
 # Define this here so Django can import it.
diff --git a/setup.py b/setup.py
index 776cd3e..8ba9329 100644
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@
 
 
 REQUIRES = [
-    "sqlalchemy >=0.7, <1.0",
+    "SQLAlchemy >=1.0, <2.0",
 ]