Convert Cayman Islands Dollar to Mexican Peso
Please provide values below to convert Cayman Islands Dollar [KYD] to Mexican Peso [MXN], or Convert Mexican Peso to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Mexican Peso
1 KYD = 0.044694864890958 MXN
Example: convert 15 KYD to MXN:
15 KYD = 15 × 0.044694864890958 MXN = 0.670422973364371 MXN
Cayman Islands Dollar to Mexican Peso Conversion Table
| Cayman Islands Dollar | Mexican Peso |
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.