Convert Cayman Islands Dollar to New Zealand Dollar
Please provide values below to convert Cayman Islands Dollar [KYD] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to New Zealand Dollar
1 KYD = 0.499281006590773 NZD
Example: convert 15 KYD to NZD:
15 KYD = 15 × 0.499281006590773 NZD = 7.48921509886159 NZD
Cayman Islands Dollar to New Zealand Dollar Conversion Table
| Cayman Islands Dollar | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.