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.

BREAKING DOWN '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 TERMS
  1. KYD (Cayman Islands Dollar)

    The KYD is a currency abbreviation or currency symbol for the ...
  2. JMD

    The currency abbreviation or the currency symbol for the Jamacian ...
  3. Island Reversal

    An island reversal is a candlestick pattern that can help to ...
  4. Currency Symbol

    A currency symbol is a graphical representation substituted for ...
  5. JMD (Jamaican Dollar)

    JMD is the abbreviation or the currency symbol for the Jamacian ...
  6. Key Currency

    A key currency used is money issued by stable, developed country ...
Related Articles
  1. Insights

    The Profits of Paradise: The Top 4 Economies of the Caribbean

    A look at some of the most dynamic economies in the Caribbean region.
  2. Managing Wealth

    Find the Private Island of Your Dreams

    The perks, the problems and the pleasures of owning your own little piece of paradise.
  3. Managing Wealth

    How To Buy Your Own Private Island

    We look at some people who own private islands, and give you tips for making a massive purchase like this.
  4. Financial Advisor

    Countries With The Highest & Lowest Corporate Tax Rates (AAPL, IBM)

    The United States is No. 2 in the world for its high corporate tax rate. There are ways around paying it, and many nations with lower rates are worse off.
  5. Retirement

    Find the Right Bahamas Island for Your Retirement

    There may be no “best” Bahamas island, but there may be a best island for your retirement. Here are some top spots to consider.
  6. Insights

    3 Characteristics of Caribbean Economies

    An overview of the common characteristics of Caribbean economies.
  7. Insights

    Caribbean Currencies: An Overview

    As many as ten currencies are used among the islands of the Caribbean. A fixed exchange rate regime is the most common exchange regime found in the region; however, a few of the larger islands ...
  8. Retirement

    The World's Most Luxurious Retirement Destinations

    If money is no object (or if you would just like to dream), these five spots are the crème de la crème.
  9. Investing

    How Hedge Funds Can Do More for Charitable Causes

    A Q&A with Tony Cowell about the role hedge funds can play as a source of philanthropic capital and charitable giving.
  10. Trading

    The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.
RELATED FAQS
  1. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  2. How do you make money trading money?

    Trading money, particularly in the forex market, is a speculative risk, as you are betting that the value of a currency will ... Read Answer >>
  3. What are key economic factors that can cause currency depreciation in a country?

    Read about the causes of currency devaluation, and find out how to differentiate between relative and absolute currency devaluation. Read Answer >>
  4. Why Do Mutual Fund Tickers Have an 'X' at the End?

    Mutual fund tickers end with an 'X' to distinguish them from other types of securities. Read Answer >>
  5. What is foreign exchange?

    Foreign exchange is the conversion of a country's currency into another. In a free economy, a country's currency is valued ... Read Answer >>
Trading Center