Convert Cayman Islands Dollar to Myanma Kyat
Please provide values below to convert Cayman Islands Dollar [KYD] to Myanma Kyat [MMK], or Convert Myanma Kyat to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Myanma Kyat
1 KYD = 0.000396462015413442 MMK
Example: convert 15 KYD to MMK:
15 KYD = 15 × 0.000396462015413442 MMK = 0.00594693023120163 MMK
Cayman Islands Dollar to Myanma Kyat Conversion Table
| Cayman Islands Dollar | Myanma Kyat |
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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.
Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.