Convert Kuwaiti Dinar to Cayman Islands Dollar
Please provide values below to convert Kuwaiti Dinar [KWD] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Cayman Islands Dollar
1 KWD = 0.366494659786391 KYD
Example: convert 15 KWD to KYD:
15 KWD = 15 × 0.366494659786391 KYD = 5.49741989679587 KYD
Kuwaiti Dinar to Cayman Islands Dollar Conversion Table
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.