Convert Cayman Islands Dollar to Papua New Guinean Kina
Please provide values below to convert Cayman Islands Dollar [KYD] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Papua New Guinean Kina
1 KYD = 0.198433109491832 PGK
Example: convert 15 KYD to PGK:
15 KYD = 15 × 0.198433109491832 PGK = 2.97649664237748 PGK
Cayman Islands Dollar to Papua New Guinean Kina Conversion Table
| Cayman Islands Dollar | Papua New Guinean Kina |
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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.
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.