Convert Cayman Islands Dollar to Jamaican Dollar
Please provide values below to convert Cayman Islands Dollar [KYD] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Jamaican Dollar
1 KYD = 0.00520560353578735 JMD
Example: convert 15 KYD to JMD:
15 KYD = 15 × 0.00520560353578735 JMD = 0.0780840530368103 JMD
Cayman Islands Dollar to Jamaican Dollar Conversion Table
| Cayman Islands Dollar | Jamaican Dollar |
|---|
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.
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.