Convert Macedonian Denar to Cayman Islands Dollar
Please provide values below to convert Macedonian Denar [MKD] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Macedonian Denar.
How to Convert Macedonian Denar to Cayman Islands Dollar
1 MKD = 63.417496699868 KYD
Example: convert 15 MKD to KYD:
15 MKD = 15 × 63.417496699868 KYD = 951.26245049802 KYD
Macedonian Denar to Cayman Islands Dollar Conversion Table
| Macedonian Denar | Cayman Islands Dollar |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.