Convert Cayman Islands Dollar to Qatari Rial
Please provide values below to convert Cayman Islands Dollar [KYD] to Qatari Rial [QAR], or Convert Qatari Rial to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Qatari Rial
1 KYD = 0.228928571428571 QAR
Example: convert 15 KYD to QAR:
15 KYD = 15 × 0.228928571428571 QAR = 3.43392857142857 QAR
Cayman Islands Dollar to Qatari Rial Conversion Table
| Cayman Islands Dollar | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.