Convert Falkland Islands Pound to Cayman Islands Dollar
Please provide values below to convert Falkland Islands Pound [FKP] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Cayman Islands Dollar
1 FKP = 0.888395535821433 KYD
Example: convert 15 FKP to KYD:
15 FKP = 15 × 0.888395535821433 KYD = 13.3259330373215 KYD
Falkland Islands Pound to Cayman Islands Dollar Conversion Table
| Falkland Islands Pound | Cayman Islands Dollar |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.