AED to KYD

AED - United Arab Emirates Dirham (د.إ.‏)
KYD - Cayman Islands Dollar ($)
1 AED1 KYD

Currency conversion rates from AED to KYD

AEDKYD
1 AED1 KYD
5 AED5 KYD
10 AED10 KYD
20 AED20 KYD
50 AED50 KYD
100 AED100 KYD
250 AED250 KYD
500 AED500 KYD
1000 AED1000 KYD
2000 AED2000 KYD
5000 AED5000 KYD
10000 AED10000 KYD
KYDAED
1 KYD1 AED
5 KYD5 AED
10 KYD10 AED
20 KYD20 AED
50 KYD50 AED
100 KYD100 AED
250 KYD250 AED
500 KYD500 AED
1000 KYD1000 AED
2000 KYD2000 AED
5000 KYD5000 AED
10000 KYD10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


KYD - Cayman Islands Dollar ($)

Cayman Islands Dollar

The Cayman Islands Dollar is pegged to the US Dollar at 1 USD = 0.852747 KYD. The Cayman Islands are a British Overseas Territory located in the western Caribbean Sea, south of Cuba and northwest of Jamaica. They are considered part of the Greater Antilles. The territory is composed of the three islands of Grand Cayman, Cayman Brac, and Little Cayman and is one of the leading offshore financial centers in the world.

The Cayman Islands Dollar is the currency in Cayman Islands (KY, CYM). The symbol for KYD can be written CI$. The Cayman Islands Dollar is divided into 100 cents. The exchange rate for the Cayman Islands Dollar was last updated on May 24, 2019 from Yahoo Finance. The KYD conversion factor has 5 significant digits.

Economy

  • With an average per capita income of $47,000 KYD, the Cayman Islands have the highest living standard in the Caribbean.
  • According to the CIA World Factbook, the Cayman Islands’ per capita GDP is the 14th-highest in the world.
  • Their merchant marine fleet includes 123 ships (1,000 GRT or over) totaling 2,402,058 GRT/3,792,094 metric tons deadweight (DWT). The number of ships by type are: 22 bulk, 5 cargo, 31 chemical tankers, 2 containers, 1 liquefied gas, 21 petroleum tankers, 35 refrigerated cargo, 5 roll on/roll off, and 1 specialized tanker .
  • Ships from eleven countries register in the Cayman Islands as a flag of convenience, including the following: 15 from Greece, 5 from the US, 5 from the UK, 2 from Cyprus, 2 from Denmark, and 3 from Norway (according to a 2002 estimate).

History

  • The Cayman Islands Dollar was introduced in 1972, replacing the Jamaican Dollar at par. The currency of Jamaica remained as legal tender in the Cayman Islands until August 1, 1972.
  • Since April 1, 1974 the Cayman Islands Dollar has been pegged to US Dollar at 1 Cayman Islands Dollar = 1.20 USD.
  • In 1972, 1, 5, 10, and 25 cent coins were introduced. The 1-cent coin was struck in bronze and the others in cupronickel. Since 1992 copper and nickel-plated steel have replaced bronze and cupronickel.
  • In 1972 the Council of the Cayman Islands introduced banknotes in denominations of 1, 5, 10, and 25 dollars. Forty-dollar bills were introduced in 1981, but were withdrawn from circulation a few years later, followed by 100-dollar banknotes in 1982 and 50-dollar banknotes in 1987.
  • In 1997, the Monetary Authority of the Cayman Islands (CIMA) took over the issuing of banknotes and issued notes in denominations of 1, 5, 10, 25, 50, and 100 dollars.

More information about KYD - Cayman Islands Dollar ($)