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The Cayman Islands is a popular tourist destination known for its beautiful beaches and crystal-clear waters. The official currency is the Cayman Islands dollar, denoted by the symbol KYD.
You can exchange your US dollars for Cayman Islands dollars at various banks, currency exchange offices, and some hotels. One US dollar is equivalent to approximately 0.82 Cayman Islands dollars.
Travelers often find it convenient to use credit cards or debit cards that don't charge foreign transaction fees. This way, you can avoid the hassle of exchanging cash and minimize your expenses.
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Conversion Tools
If you need to convert Cayman Islands currency to US dollars, there are several conversion tools you can use. The exchange rate is typically around 1 KYD = 1.20 USD.
You can use online currency converters or check with local banks and currency exchange services for the most accurate rates. The exchange rate can fluctuate, but it's usually around 1.20 USD per KYD.
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If you're looking for a quick conversion, you can use the following formula: Amount in KYD = Amount in USD × (1/1.20). For example, if you have $120 USD, the calculation would be: Amount in KYD = 120 × (1/1.20) = 100 KYD.
Here's a table showing some common conversions:
You can also use the following conversions to convert US dollars to Cayman Islands dollars: 1 USD = 0.8333 KYD, 5 USD = 4.1667 KYD, 10 USD = 8.3333 KYD, and so on.
Historical Rates
Historical rates can give us a valuable insight into the Cayman Islands Dollar to US Dollar exchange rate over the years.
You can view rates between the Cayman Islands Dollar and the US Dollar for a particular year by clicking on one of the links below: 2025202420232022202120202019201820172016
One notable peak in the exchange rate occurred in 2019, when the Cayman Islands Dollar reached its highest value in a decade.
The highest rate from Cayman Islands Dollars to US Dollars was on August 25, 2019, when each Cayman Islands Dollar was worth 1.2200 US Dollars.
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Conversion Information
The Cayman Islands dollar (KYD) is pegged to the US dollar (USD) at an exchange rate of approximately 1 KYD = 1.20 USD. This means that if you have 1 Cayman Islands dollar, you can exchange it for 1.20 US dollars.
You can use the following conversion rates to exchange Cayman Islands dollars for US dollars:
To convert US dollars to Cayman Islands dollars, you can use the following formula: Amount in KYD = Amount in USD × (1/1.20). For example, if you have $120 USD, you can convert it to 100 KYD using this formula.
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100 in Numbers
The Cayman Islands Dollar to US Dollar conversion can be a bit tricky, but don't worry, we've got the facts.
The highest KYD to USD exchange rate in the last year was 1.2000 US Dollars per Cayman Islands Dollar on February 5, 2024.
As of February 4, 2025, 100 Cayman Islands Dollars is equivalent to 120.00 US Dollars, with an exchange rate of 1.2000 US Dollars per Cayman Islands Dollar.
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You can convert Cayman Islands Dollars to US Dollars using the conversion rates listed below:
The Cayman Islands Dollar to US Dollar exchange rate has remained relatively stable over the past few months, with an average rate of 1.2000 US Dollars per Cayman Islands Dollar.
The lowest KYD to USD exchange rate in the last year was also 1.2000 US Dollars per Cayman Islands Dollar on February 5, 2024.
When to Convert?
The best time to convert your KYD to USD is between 3-4 PM GMT, when currency market liquidity and trading volume are at their highest.
You can trade KYD and USD 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York.
Converting your Cayman Islands Dollars early in the week is a good idea if you need USD urgently, as executing a trade late in the week might result in a delayed settlement until the following week.
Forex markets are closed on weekends, so don't expect to make any conversions then!
What Is
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Conversion is the process of changing a visitor into a paying customer, and it's a crucial step in the sales funnel.
Conversion rates can range from 1% to 5% depending on the industry and marketing strategies used.
A conversion can be a purchase, a download, or even a sign-up for a free trial.
Conversion optimization is essential to increase revenue and improve customer engagement.
Understanding your target audience is key to creating effective conversion strategies.
Analyzing data and tracking metrics such as click-through rates and conversion rates can help you identify areas for improvement.
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Frequently Asked Questions
How much is 1 US dollar in Grand Cayman?
As of December 30, 2024, 1 US dollar is equivalent to 0.8345 Cayman Islands dollars. Check the latest exchange rates and live currency converter for the most up-to-date information.
Is the US dollar stronger than the Cayman dollar?
The Cayman Islands dollar is actually stronger than the US dollar, with 1 USD exchanging for approximately 0.83 CI dollars. This makes the Cayman Islands dollar the strongest Caribbean currency.
What is the best currency to use in Cayman Islands?
For tourists, the best currency to use in Cayman Islands is US Dollars (USD), as most businesses accept it. No need to exchange for the local Cayman Islands Dollar (KYD)
Sources
- https://www.moneyratestoday.com/convert-cayman-islands-dollar-to-us-dollar.html
- https://www.exchange-rates.org/converter/kyd-usd
- https://www.investing.com/currencies/kyd-usd-converter
- https://mathda.com/convert/currency/usd-to-kyd
- https://www.thecurrencyclub.co.uk/currency-converter/kyd-to-usd-exchange-rate
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