Convert Chinese Yuan (Offshore) to Cayman Islands Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Cayman Islands Dollar
1 CNH = 8.60616704668187 KYD
Example: convert 15 CNH to KYD:
15 CNH = 15 × 8.60616704668187 KYD = 129.092505700228 KYD
Chinese Yuan (Offshore) to Cayman Islands Dollar Conversion Table
| Chinese Yuan (Offshore) | Cayman Islands Dollar |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.