Convert Bermudan Dollar to Cayman Islands Dollar
Please provide values below to convert Bermudan Dollar [BMD] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Bermudan Dollar.
How to Convert Bermudan Dollar to Cayman Islands Dollar
1 BMD = 1.20004800192008 KYD
Example: convert 15 BMD to KYD:
15 BMD = 15 × 1.20004800192008 KYD = 18.0007200288012 KYD
Bermudan Dollar to Cayman Islands Dollar Conversion Table
| Bermudan Dollar | Cayman Islands Dollar |
|---|
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
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.