Convert Cayman Islands Dollar to Maldivian Rufiyaa
Please provide values below to convert Cayman Islands Dollar [KYD] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Maldivian Rufiyaa
1 KYD = 0.0539764998510189 MVR
Example: convert 15 KYD to MVR:
15 KYD = 15 × 0.0539764998510189 MVR = 0.809647497765284 MVR
Cayman Islands Dollar to Maldivian Rufiyaa Conversion Table
| Cayman Islands Dollar | Maldivian Rufiyaa |
|---|
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.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.