Convert Cayman Islands Dollar to Swedish Krona
Please provide values below to convert Cayman Islands Dollar [KYD] to Swedish Krona [SEK], or Convert Swedish Krona to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Swedish Krona
1 KYD = 0.087308655427847 SEK
Example: convert 15 KYD to SEK:
15 KYD = 15 × 0.087308655427847 SEK = 1.3096298314177 SEK
Cayman Islands Dollar to Swedish Krona Conversion Table
| Cayman Islands Dollar | Swedish Krona |
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.