Convert Cayman Islands Dollar to Danish Krone
Please provide values below to convert Cayman Islands Dollar [KYD] to Danish Krone [DKK], or Convert Danish Krone to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Danish Krone
1 KYD = 0.13104673837831 DKK
Example: convert 15 KYD to DKK:
15 KYD = 15 × 0.13104673837831 DKK = 1.96570107567466 DKK
Cayman Islands Dollar to Danish Krone 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.
Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.