Convert Cayman Islands Dollar to Turkish Lira
Please provide values below to convert Cayman Islands Dollar [KYD] to Turkish Lira [TRY], or Convert Turkish Lira to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Turkish Lira
1 KYD = 0.0206054791336451 TRY
Example: convert 15 KYD to TRY:
15 KYD = 15 × 0.0206054791336451 TRY = 0.309082187004676 TRY
Cayman Islands Dollar to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.