Convert Norwegian Krone to Cayman Islands Dollar
Please provide values below to convert Norwegian Krone [NOK] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Norwegian Krone.
How to Convert Norwegian Krone to Cayman Islands Dollar
1 NOK = 12.1346453858154 KYD
Example: convert 15 NOK to KYD:
15 NOK = 15 × 12.1346453858154 KYD = 182.019680787231 KYD
Norwegian Krone to Cayman Islands Dollar Conversion Table
| Norwegian Krone | Cayman Islands Dollar |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.