Convert Cayman Islands Dollar to Malaysian Ringgit
Please provide values below to convert Cayman Islands Dollar [KYD] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Malaysian Ringgit
1 KYD = 0.196932457342723 MYR
Example: convert 15 KYD to MYR:
15 KYD = 15 × 0.196932457342723 MYR = 2.95398686014085 MYR
Cayman Islands Dollar to Malaysian Ringgit Conversion Table
| Cayman Islands Dollar | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.