Convert Cayman Islands Dollar to Australian Dollar
Please provide values below to convert Cayman Islands Dollar [KYD] to Australian Dollar [AUD], or Convert Australian Dollar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Australian Dollar
1 KYD = 0.544925451216322 AUD
Example: convert 15 KYD to AUD:
15 KYD = 15 × 0.544925451216322 AUD = 8.17388176824483 AUD
Cayman Islands Dollar to Australian Dollar 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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.