Convert Cayman Islands Dollar to Thai Baht
Please provide values below to convert Cayman Islands Dollar [KYD] to Thai Baht [THB], or Convert Thai Baht to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Thai Baht
1 KYD = 0.02586875942954 THB
Example: convert 15 KYD to THB:
15 KYD = 15 × 0.02586875942954 THB = 0.3880313914431 THB
Cayman Islands Dollar to Thai Baht 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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.