Convert Cayman Islands Dollar to Philippine Peso
Please provide values below to convert Cayman Islands Dollar [KYD] to Philippine Peso [PHP], or Convert Philippine Peso to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Philippine Peso
1 KYD = 0.0146341120748547 PHP
Example: convert 15 KYD to PHP:
15 KYD = 15 × 0.0146341120748547 PHP = 0.219511681122821 PHP
Cayman Islands Dollar to Philippine Peso Conversion Table
| Cayman Islands Dollar | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.