Convert Cayman Islands Dollar to Canadian Dollar
Please provide values below to convert Cayman Islands Dollar [KYD] to Canadian Dollar [CAD], or Convert Canadian Dollar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Canadian Dollar
1 KYD = 0.611596330275229 CAD
Example: convert 15 KYD to CAD:
15 KYD = 15 × 0.611596330275229 CAD = 9.17394495412844 CAD
Cayman Islands Dollar to Canadian Dollar Conversion Table
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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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.