Convert Cayman Islands Dollar to Mongolian Tugrik
Please provide values below to convert Cayman Islands Dollar [KYD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Mongolian Tugrik
1 KYD = 0.000234750327968717 MNT
Example: convert 15 KYD to MNT:
15 KYD = 15 × 0.000234750327968717 MNT = 0.00352125491953075 MNT
Cayman Islands Dollar to Mongolian Tugrik Conversion Table
| Cayman Islands Dollar | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.