Convert Cayman Islands Dollar to Chinese Yuan (Offshore)
Please provide values below to convert Cayman Islands Dollar [KYD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Chinese Yuan (Offshore)
1 KYD = 0.116195745977944 CNH
Example: convert 15 KYD to CNH:
15 KYD = 15 × 0.116195745977944 CNH = 1.74293618966916 CNH
Cayman Islands Dollar to Chinese Yuan (Offshore) Conversion Table
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.