Convert Cayman Islands Dollar to Brazilian Real
Please provide values below to convert Cayman Islands Dollar [KYD] to Brazilian Real [BRL], or Convert Brazilian Real to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Brazilian Real
1 KYD = 0.149685647566014 BRL
Example: convert 15 KYD to BRL:
15 KYD = 15 × 0.149685647566014 BRL = 2.24528471349021 BRL
Cayman Islands Dollar to Brazilian Real Conversion Table
| Cayman Islands Dollar | Brazilian Real |
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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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.