KYDCayman Islands DollarCayman Islands Dollar (KYD)
The Cayman Islands dollar is the official currency of the Cayman Islands and the unit used for local prices, accounts and regulated financial records. The Cayman Islands Monetary Authority oversees the monetary and currency framework. KYD is the ISO code that distinguishes the Cayman Islands dollar from other dollar currencies, while the dollar sign alone is ambiguous. One Cayman dollar is divided into 100 cents. US dollars are widely encountered in the territory, but their use by merchants does not replace KYD as the official local currency.
- ISO code
- KYD
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Fixed relationship with the US dollar
- Last reviewed
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Quick facts
KYD at a glance
Currency profile
How KYD works
The Cayman Islands dollar is the official currency of the Cayman Islands and the unit used for local prices, accounts and regulated financial records. The Cayman Islands Monetary Authority oversees the monetary and currency framework. KYD is the ISO code that distinguishes the Cayman Islands dollar from other dollar currencies, while the dollar sign alone is ambiguous. One Cayman dollar is divided into 100 cents. US dollars are widely encountered in the territory, but their use by merchants does not replace KYD as the official local currency.
Cayman Islands Monetary Authority administers KYD within a fixed relationship with the us dollar system.
- The Cayman Islands dollar was introduced as the territory's currency in 1972.
- The reviewed cash profile records KYD 1, KYD 5, KYD 10, KYD 25, KYD 50, KYD 100 for banknotes and KYD 1, 5, 10 and 25 cents for coins.
Context
Why this currency matters
The Cayman Islands dollar is maintained in a fixed relationship with the US dollar at approximately US$1.25 for KYD 1, or about KYD 0.80 for US$1.00. This arrangement is useful for travel comparisons but still leaves the dollar moving against EUR, GBP and other currencies through the USD cross-rate. The monetary authority's currency information covers the current note and coin series. A KYD result should therefore keep the date, code and provider visible, especially when a card or cash provider adds a separate conversion term. The Cayman Islands dollar's separate code matters whenever a quote mixes KYD, US dollars and other settlement currencies.
Monetary framework
Exchange arrangement
Cayman Islands Dollar operates under the reviewed fixed relationship with the us dollar arrangement, with US dollar.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for KYD
Cayman dollar introduced
KYD replaced the Jamaican dollar as the territory's own currency.
Cayman Islands Monetary AuthorityMonetary Authority formed
The Cayman Islands Monetary Authority took over currency and financial-regulatory functions.
Cayman Islands Monetary Authority
Usage and economy
How KYD is used
- KYD is used for local prices, payroll, government charges and financial records in the Cayman Islands.
- USD is also common in tourism and finance, making the official KYD-USD relationship important for clear settlement.
Country currency guides
Banknotes and coins
KYD currency units
The issuing authority documents the reviewed KYD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for KYD.
One Cayman Islands Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
KYD questions
How does KYD relate to USD?
The Cayman Islands dollar is maintained at approximately US$1.25 per KYD, or about KYD 0.80 per US$1.00.
Are US dollars used in the Cayman Islands?
US dollars are commonly accepted, particularly in tourism, but KYD remains the official currency and merchant exchange terms vary.
What changed for KYD in 1972?
KYD replaced the Jamaican dollar as the territory's own currency.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.