Cryptocurrency Q&A
Is KYD pegged?
Is KYD pegged?
Caterina
Wed Nov 20 2024
|
7 answers
1409
I would like to know if KYD, which I assume refers to a currency, is pegged. I'm interested in understanding the stability and valuation of this currency in relation to other currencies or assets.
7 answers
Sara
Fri Nov 22 2024
The KYD is a currency that maintains a fixed exchange rate with the U.S. dollar.
Was this helpful?
284
53
Riccardo
Fri Nov 22 2024
Specifically, one Cayman dollar is equivalent to 1.20 U.S. dollars.
Was this helpful?
206
36
Martina
Thu Nov 21 2024
Therefore, $1,000 divided by 1.20 equals 833.60 Cayman dollars.
Was this helpful?
226
46
JejuJoyfulHeartSoulMate
Thu Nov 21 2024
This pegged exchange rate allows for easy conversion between the two currencies.
Was this helpful?
71
33
SumoPower
Thu Nov 21 2024
Imagine a scenario where you need to send a wire transfer to the Cayman Islands.
Was this helpful?
104
80
Load 5 more related questions
