Convert United States Dollar to Cayman Islands Dollar
Please provide values below to convert United States Dollar [USD] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to United States Dollar.
How to Convert United States Dollar to Cayman Islands Dollar
1 USD = 1.20004800192008 KYD
Example: convert 15 USD to KYD:
15 USD = 15 × 1.20004800192008 KYD = 18.0007200288012 KYD
United States Dollar to Cayman Islands Dollar Conversion Table
| United States Dollar | Cayman Islands Dollar |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.