Convert Cayman Islands Dollar to Macedonian Denar
Please provide values below to convert Cayman Islands Dollar [KYD] to Macedonian Denar [MKD], or Convert Macedonian Denar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Macedonian Denar
1 KYD = 0.0157685189740717 MKD
Example: convert 15 KYD to MKD:
15 KYD = 15 × 0.0157685189740717 MKD = 0.236527784611076 MKD
Cayman Islands Dollar to Macedonian Denar Conversion Table
| Cayman Islands Dollar | Macedonian Denar |
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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.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.