Convert Cayman Islands Dollar to Japanese Yen
Please provide values below to convert Cayman Islands Dollar [KYD] to Japanese Yen [JPY], or Convert Japanese Yen to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Japanese Yen
1 KYD = 0.00567522433924125 JPY
Example: convert 15 KYD to JPY:
15 KYD = 15 × 0.00567522433924125 JPY = 0.0851283650886188 JPY
Cayman Islands Dollar to Japanese Yen 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.
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.