Convert Danish Krone to Cayman Islands Dollar
Please provide values below to convert Danish Krone [DKK] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Danish Krone.
How to Convert Danish Krone to Cayman Islands Dollar
1 DKK = 7.63086523460938 KYD
Example: convert 15 DKK to KYD:
15 DKK = 15 × 7.63086523460938 KYD = 114.462978519141 KYD
Danish Krone to Cayman Islands Dollar Conversion Table
| Danish Krone | Cayman Islands Dollar |
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Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.