Convert New Taiwan Dollar to Cayman Islands Dollar
Please provide values below to convert New Taiwan Dollar [TWD] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Cayman Islands Dollar
1 TWD = 35.2394095763831 KYD
Example: convert 15 TWD to KYD:
15 TWD = 15 × 35.2394095763831 KYD = 528.591143645746 KYD
New Taiwan Dollar to Cayman Islands Dollar Conversion Table
| New Taiwan Dollar | Cayman Islands Dollar |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.