KYD
Definition of 'KYD'The currency abbreviation or currency symbol for the Cayman Islands dollar (KYD), the currency for the Cayman Islands. The Cayman Islands dollar is made up of 100 cents and is often presented with the symbol ($) or (CI$). Surprisingly, this currency is the ninth-highest in the world in terms of value. |
|
Investopedia explains 'KYD'The Cayman Island dollar was first seen in 1972, replacing the Jamacian dollar one a one-to-one basis. Both Jamaican and Cayman Island currency was used until 1972, when Jamacian currency was discontinued. The CI dollar was pegged to the U.S. dollar in 1974 but is now valued slightly below its peg rate. |
Related Definitions
Articles Of Interest
-
Careers In The Derivatives Market
The growing interest in and complexity of these securities means opportunities for job seekers. -
Forex Trading The Martingale Way
The Martingale system boasts a 100% success rate, if you have the money. Find out if this is the right strategy for you. -
Currency ETFs Simplify Forex Trades
Reduce your stock portfolio's risk by trading with foreign currencies. -
Currency Carry Trades 101
This strategy can provide returns even if the currency pair doesn't move a cent. -
Forex: Should You Be Trading Trend Or Range?
In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer. -
Forex: The Memory Of Price Strategy
Hate getting stopped out right before the price reverses? This forex trading strategy may help. -
Using Currency Correlations To Your Advantage
Knowing the relationships between pairs can help control risk exposure and maximize profits. -
The Yen Is Setting Up To Be An Attractive Long-Term Investment
As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013? -
Five ETFs To Cash In On Japan’s Rise
With the election of Shinzo Abe and birth of “Abenomics”, things are looking up for Japan's exporting dependent nation. For investors, Japan may finally be awaking from its doldrums. -
3 Costly Spelling Errors
History has proved that some spelling errors can cost companies and governments millions of dollars.
Free Annual Reports