Convert Cayman Islands Dollar to South Korean Won
Please provide values below to convert Cayman Islands Dollar [KYD] to South Korean Won [KRW], or Convert South Korean Won to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to South Korean Won
1 KYD = 0.000602717603259781 KRW
Example: convert 15 KYD to KRW:
15 KYD = 15 × 0.000602717603259781 KRW = 0.00904076404889672 KRW
Cayman Islands Dollar to South Korean Won Conversion Table
| Cayman Islands Dollar | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.