Convert Cayman Islands Dollar to Hong Kong Dollar
Please provide values below to convert Cayman Islands Dollar [KYD] to Hong Kong Dollar [HKD], or Convert Hong Kong Dollar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Hong Kong Dollar
1 KYD = 0.106155570842569 HKD
Example: convert 15 KYD to HKD:
15 KYD = 15 × 0.106155570842569 HKD = 1.59233356263854 HKD
Cayman Islands Dollar to Hong Kong Dollar Conversion Table
| Cayman Islands Dollar | Hong Kong Dollar |
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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.
Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.