Convert Cayman Islands Dollar to Chinese Yuan
Please provide values below to convert Cayman Islands Dollar [KYD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Chinese Yuan
1 KYD = 0.116157180891844 CNY
Example: convert 15 KYD to CNY:
15 KYD = 15 × 0.116157180891844 CNY = 1.74235771337766 CNY
Cayman Islands Dollar to Chinese Yuan Conversion Table
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).