Convert Cayman Islands Dollar to Mozambican Metical
Please provide values below to convert Cayman Islands Dollar [KYD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Mozambican Metical
1 KYD = 0.0130976088572717 MZN
Example: convert 15 KYD to MZN:
15 KYD = 15 × 0.0130976088572717 MZN = 0.196464132859076 MZN
Cayman Islands Dollar to Mozambican Metical Conversion Table
| Cayman Islands Dollar | Mozambican Metical |
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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.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.