Convert Cayman Islands Dollar to Armenian Dram
Please provide values below to convert Cayman Islands Dollar [KYD] to Armenian Dram [AMD], or Convert Armenian Dram to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Armenian Dram
1 KYD = 0.00216975261226966 AMD
Example: convert 15 KYD to AMD:
15 KYD = 15 × 0.00216975261226966 AMD = 0.0325462891840449 AMD
Cayman Islands Dollar to Armenian Dram Conversion Table
| Cayman Islands Dollar | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.