Convert Cayman Islands Dollar to São Tomé and Príncipe Dobra
Please provide values below to convert Cayman Islands Dollar [KYD] to São Tomé and Príncipe Dobra [STN], or Convert São Tomé and Príncipe Dobra to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to São Tomé And Príncipe Dobra
1 KYD = 0.0399026973706263 STN
Example: convert 15 KYD to STN:
15 KYD = 15 × 0.0399026973706263 STN = 0.598540460559394 STN
Cayman Islands Dollar to São Tomé And Príncipe Dobra Conversion Table
| Cayman Islands Dollar | São Tomé and Príncipe Dobra |
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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.
São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.