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SOME INFO:
The exchange rate between the US dollar and the Cayman Islands dollar is fixed at a value of 1.2 US dollars per 1 Cayman Islands dollar
*Send money from USD to KYD*
The exchange rate between the US dollar and the Cayman Islands dollar is fixed at a value of 1.2 US dollars per 1 Cayman Islands dollar, or 0.8 Cayman Islands dollar per US dollar. Because of the fixed exchange rate policy by the Cayman Islands Monetary Authority, external factors do not affect the exchange rate between the US dollar and the Cayman Islands dollar.
SOME INFO:
**The Cayman Islands dollar is the official currency of one of the leading offshore financial centers in the world. Its name is a close reflection of its relationship with the US dollar.
**The exchange rate between the US dollar and the Cayman Islands dollar is fixed at a value of 1.2 US dollars per 1 Cayman Islands dollar, or 0.8 Cayman Islands dollar per US dollar. Because of the fixed exchange rate policy by the Cayman Islands Monetary Authority, external factors do not affect the exchange rate between the US dollar and the Cayman Islands dollar.
*Send money from USD to KYD*
The euro had a strong start when it was introduced. In 1999 it was first adopted and used in electronic transfers only, but was finally launched in 2002 as a true currency. The EUR gave the USD a run for its money, and transactions between the two currencies stayed in a very tight range.
The exchange rate between the US dollar and the Cayman Islands dollar is fixed at a value of 1.2 US dollars per 1 Cayman Islands dollar, or 0.8 Cayman Islands dollar per US dollar. Because of the fixed exchange rate policy by the Cayman Islands Monetary Authority, external factors do not affect the exchange rate between the US dollar and the Cayman Islands dollar.
The Cayman Islands is a small group of islands just off the coast of Florida, and its economy depends heavily on American tourism, offshore finance, and offshore international business companies. Because of this, it is very unlikely that the Cayman Islands will remove its currency peg with the US dollar in the foreseeable future.