Convert Cayman Islands Dollar to Israeli New Sheqel
Please provide values below to convert Cayman Islands Dollar [KYD] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Israeli New Sheqel
1 KYD = 0.249118086696562 ILS
Example: convert 15 KYD to ILS:
15 KYD = 15 × 0.249118086696562 ILS = 3.73677130044843 ILS
Cayman Islands Dollar to Israeli New Sheqel Conversion Table
| Cayman Islands Dollar | Israeli New Sheqel |
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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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.