Convert Cayman Islands Dollar to Swiss Franc
Please provide values below to convert Cayman Islands Dollar [KYD] to Swiss Franc [CHF], or Convert Swiss Franc to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Swiss Franc
1 KYD = 1.04830796326582 CHF
Example: convert 15 KYD to CHF:
15 KYD = 15 × 1.04830796326582 CHF = 15.7246194489873 CHF
Cayman Islands Dollar to Swiss Franc 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.
Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.