Convert Peruvian Nuevo Sol to Cayman Islands Dollar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Cayman Islands Dollar
1 PEN = 4.26941077643106 KYD
Example: convert 15 PEN to KYD:
15 PEN = 15 × 4.26941077643106 KYD = 64.0411616464659 KYD
Peruvian Nuevo Sol to Cayman Islands Dollar Conversion Table
| Peruvian Nuevo Sol | Cayman Islands Dollar |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.