Convert Dominican Peso to Cayman Islands Dollar
Please provide values below to convert Dominican Peso [DOP] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Dominican Peso.
How to Convert Dominican Peso to Cayman Islands Dollar
1 DOP = 72.4240969638786 KYD
Example: convert 15 DOP to KYD:
15 DOP = 15 × 72.4240969638786 KYD = 1086.36145445818 KYD
Dominican Peso to Cayman Islands Dollar Conversion Table
| Dominican Peso | Cayman Islands Dollar |
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Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.