Convert Cuban Peso to Cayman Islands Dollar
Please provide values below to convert Cuban Peso [CUP] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Cuban Peso.
How to Convert Cuban Peso to Cayman Islands Dollar
1 CUP = 28.8011520460818 KYD
Example: convert 15 CUP to KYD:
15 CUP = 15 × 28.8011520460818 KYD = 432.017280691228 KYD
Cuban Peso to Cayman Islands Dollar Conversion Table
| Cuban Peso | Cayman Islands Dollar |
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
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.