Convert Cayman Islands Dollar to Rwandan Franc
Please provide values below to convert Cayman Islands Dollar [KYD] to Rwandan Franc [RWF], or Convert Rwandan Franc to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Rwandan Franc
1 KYD = 0.000575733201379217 RWF
Example: convert 15 KYD to RWF:
15 KYD = 15 × 0.000575733201379217 RWF = 0.00863599802068826 RWF
Cayman Islands Dollar to Rwandan Franc Conversion Table
| Cayman Islands Dollar | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.