Cayman Islands The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, issued by the Cayman Islands Monetary Authority. It was introduced in 1972, replacing the Jamaican Dollar (JMD). The KYD is pegged to the U.S. Dollar (USD) at a fixed rate of 1 KYD = 1.20 USD, ensuring stability in trade and finance. The Cayman Islands is a major offshore financial center, and its currency is primarily used for domestic transactions, while USD is widely accepted. The KYD is subdivided into 100 cents, with banknotes available in denominations from $1 to $100, and coins from 1 cent to $1.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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