Convert Cayman Islands Dollar to Moroccan Dirham
Please provide values below to convert Cayman Islands Dollar [KYD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Moroccan Dirham
1 KYD = 0.0925035800317485 MAD
Example: convert 15 KYD to MAD:
15 KYD = 15 × 0.0925035800317485 MAD = 1.38755370047623 MAD
Cayman Islands Dollar to Moroccan Dirham Conversion Table
| Cayman Islands Dollar | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.