Convert Swedish Krona to Cayman Islands Dollar
Please provide values below to convert Swedish Krona [SEK] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Swedish Krona.
How to Convert Swedish Krona to Cayman Islands Dollar
1 SEK = 11.4536181447258 KYD
Example: convert 15 SEK to KYD:
15 SEK = 15 × 11.4536181447258 KYD = 171.804272170887 KYD
Swedish Krona to Cayman Islands Dollar Conversion Table
| Swedish Krona | Cayman Islands Dollar |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.