Note: fx-rate.net and Enclick Ltd are not authorised to give advice under the Financial Services and Markets Act 2000. Convert US Dollars to Cayman Islands Dollars and vice versa as of 3/2/2023. What's the Best Way to Bring Spending Money to the UK? Check live rates, send money securely, set rate alerts, receive notifications and more. The Cayman Islands Dollar (KYD) is pegged to the United States Dollar (USD). Check live rates, send money securely, set rate alerts, receive notifications and more. The rate between the Cayman Islands Dollar and the US Dollar is fixed at KYD $1.00 to USD $1.25 based on an international banking agreement. In most cases, a . The average exchange rate over this period was 1.2000 US Dollars per Cayman Islands Dollar. "What did they do with over three hundred million dollars of stolen money?" "An excellent take on family legacies and crudeoil trading" "The money's hot, deposited in a Cayman Island bank, and it is cursed! The Cayman Islands Dollar is divided into 100 cents. 3. 1 Cayman Islands Dollar (KYD) to United States Dollars (USD) today Home KYD USD 1 KYD to USD 1 KYD = 1.20 USD at the rate on 2023-02-28. Our currency converter is simple to use and also shows the latest currency rates. The symbol for KYD can be written CI$. Rates are based on real time exchange rates. Also, exchange bureaus will have fees and/or a less than optimal exchange rate. 1.2000 USD . The Cayman Islands are a small island nation which is currently a British Overseas Territory. The prices displayed above are our best guidance on the likely exchange rates, and for indicative purposes only. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. 328 KYD to USD. It's code is KYD and & the symbol is $. If you are a tourist visiting Grand Cayman, then you can use USD everywhere. In many places, it makes sense to convert at least a few dollars to local cash for tips, small purchases, and transportation. . New York Times . 1 United States dollar = 0 Cayman Islands dollar, 1 Cayman Islands dollar = 0 United States dollar. The most cost-effective way to do this is to use ATMs at a bank on the island. We use the mid-market rate for our Converter. A Master's degree program or any post-graduate program in Cayman Islands costs anywhere from 16,200 Cayman Islands Dollar(s) to 48,600 Cayman Islands Dollar(s) and lasts approximately two years. For the basic conversion, we use the midpoint between the buy and sell rates of KYD to USD at currency exchanges across the globe. Quickly and easily calculate foreign exchange rates with this free currency converter. Today's Value of 328 Cayman Islands Dollar in Dollars is 393.63 (USD). Conversion from Cayman Islands dollar to United States dollar can be done at current rates as well as at historical rates - to do this, select the desired exchange rate date. Reverse. All shops, supermarkets, hotels, restaurants and businesses accept both KYD and USD in the Cayman Islands. These are the average exchange rates of these two currencies for the last 30 and 90 days. According to our data, USD to KYD is the most popular Cayman Islands exchange rate conversion. Check send rates Note that even in destinations that accept the U.S. dollar, you usually receive change in local currency. The currency symbol is $. The United States Dollar is divided into 100 cents. Best: 1 USD = 0.83361 KYD. You do not need to convert your USD to the Cayman Islands Dollar (KYD) because every business already accepts USD in the Cayman Islands. We are headed down in a couple weeks. To view rates between the Cayman Islands Dollar and the US Dollar for a particular year, click on one of the links below. You can convert your foreign change back to dollars at the airport, but with small amounts, you lose quite a bit of value. Really want to use credit cards as the ones we have do not charge a foreign transaction fee. Use this visualization Strongest Currencies Cayman Islands: 1 USD = 0.82 Cayman Islands dollar United States: country uses USD as currency Puerto Rico: country uses USD as currency Panama: 1 USD = 1 Panamanian balboa Cuba: 1 USD = 1 Cuban convertible Peso I realize the exchange rate is not in our favor. Major credit cards such as Visa, Master Card, and American Express work there too, but credit card purchases nearly always occur in the local currency, with conversion rates handled by your card-issuing bank. The exchange rate for the Jamaican Dollar was last updated on February 27, 2023 from Yahoo Finance. 1.2000 USD . All we take are USD--everyone takes them---we never change our money. All the other dollars in the vicinity either began on the US dollar unit, in the case of Belize, Bermuda, and the Bahamas, or the Spanish dollar unit in the case of the Eastern . Send money online fast, secure and easy. The 9 Most Popular Places for Destination Weddings, Beware of the Hidden Costs of a Caribbean Vacation, Guide to the Safest and Most Dangerous Caribbean Islands, Visiting the Caribbean Without a Passport, How to Celebrate Carnival in the Caribbean, A Guide to Airports in the Dominican Republic, Travel to the Caribbean: A Reopening Timeline, Country by Country. against the US Dollar. Cuba: Cuban peso (note that tourists are officially required to use a special "convertible peso" that has inferior buying power). The currency symbol is $. Enter the amount to be converted in the box to the left of Cayman Islands Dollar. However, the time between 3-4 PM GMT is often a good time to convert Cayman Islands Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Is it best to pay in US dollars, accepting the Cayman dollar as change, or exchanging US dollars for Cayman dollars? Free home delivery on orders of 500 or more. Exchange rates can fluctuate by the minute while markets are open. Caribbean countries generally use their own currencies, though many tourist destinations throughout the islands accept U.S. dollars to encourage American travelers to visit. The exchange rate for the United States Dollar was last updated on March 2, 2023 from The International Monetary Fund. What was the highest KYD to AED exchange rate in the last 10 years? The Cayman Islands Dollar also makes it to the list of the top 10 highest currencies in the world as the 6th strongest currency worldwide. That is quite an investment. Have never found any need to use an ATM on GC or exchange money prior to going or when on island. The fees are lower, and the exchange rate tends to be very close to the "interbank" rate, rather than the paper rate which you will get if you exchange cash. The currency symbol is $. Exchange rates constantly change throughout the day and can change at the time of closing a trade. A cryptocurrency company formed in the Cayman Islands owes hundreds of thousands of dollars to the state of Oregon after it was found violating the state's securities laws. 1 USD = 1 KYD = Rate on 3/2/2023 . The new Jamaican dollar (and the Cayman Islands dollar), differed from all the other dollars in the British West Indies in that it was essentially a half-pound sterling. Exchanging US$ is totally unnecessary. Every time. down -1.60% How many Cayman Islands dollar is a U.S. dollar? 0.00 KYD . We offer competitive exchange rates and 0% commission on foreign currency. FACT 2: The most popular banknotes used in the Cayman Islands are:$1, $5, $10, $25, $50, $100. Change . This is for informational purposes only. Most tours and excursions cost around $100 USD per person. Change % 0.00 KYD . 1.0000 KYD = 1.2000 USD Mar 4, 2023 06:00 AM UTC. This currency calculator is provided in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. Get our travel tips Delivered to your inbox. This is the Cayman Islands Dollar (KYD) to US Dollar (USD) exchange rate history summary page, detailing 180 days of KYD USD historical data from Friday 12/08/2022 to Monday 6/02/2023 Highest: 1.2146 USD on 18 Sep 2022. You can use it to withdraw American dollars or Cayman Dollars. Also, from reading many various posts on TA, I recognize that anything TravelingBrit says is good as gold and he has already commented. If the USD inflates, then the KYD also inflates at the same rate since the KYD is pegged to the USD. We're working on it. Phone +1 345-640-4000 The prices displayed above are our best guidance on the likely exchange rates, and for indicative purposes only. The Cayman Islands Dollar is divided into 100 cents. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. One KYD is 1.1317 EUR and one EUR is 0.8836 KYD. ATMs in the Caribbean also dispense local currency, so that's what you'll get if you try to make a withdrawal from your bank back homeand you'll typically pay fees in addition to getting a less-than-ideal exchange rate on the amount you take out. US Dollar vs Cayman Islands Dollar Chart Last 30 Days. Send money online fast, secure and easy. The Cayman Islands Dollar is currently stronger than the US Dollar given that 1 KYD is equal to 1.2000 USD. Robert Curley is a freelance writer and guidebook author specializing in Caribbean Island and Rhode Island travel. How can we tell what the exchange rate is on the island versus a bank before leaving? ta.queueForLoad : function(f, g){document.addEventListener('DOMContentLoaded', f);})(function(){ta.trackEventOnPage('postLinkInline', 'impression', 'postLinks-91258583', '');}, 'log_autolink_impression');plane. Wise US Inc is authorized to operate in most states. Shop and Dine in Camana Bay . I think my confusion is the 1.25 conversion that everyone says the merchants use when the 'actual' rate when referenced online and on banks' sites is .833, so you are paying a 3% additional 'fee' from the merchants ($100 US = $80 or $83). On February 25, 2023 the Official USD to KYD Exchange Rate: Close: 1 USD = 0.8328 KYD. Only enter the numbers, any other characters or seperation marks will be trashed, in the box to the left of Cayman Islands Dollar (KYD), then click the "Convert" button; The exchange rate had fallen to its lowest value. In 1974 the Currency Law of 1974 was passed pegging the KYD to the USD at a rate of 1 . It will result in the application of the fixed conversion rate. 1974 Cayman Islands $25 Silver Proof Churchill Commemorative with OGP (V830) This means that both the Cayman Islands Dollar (KYD) and the United States Dollar (USD) are accepted everywhere. History. 2. Our Terms & Conditions Apply, Free currency calculator for your website, Free currency conversion for your website, Free exchange rate table for your website, Kantox exchange rate margins and fees were checked and updated from, The KY Dollar is the currency used in Cayman Islands, The code for the Cayman Islands Dollar is, The symbol for the Cayman Islands Dollar is$, For 2023, one Cayman Islands Dollar has equalled. Rates vary, but you can expect to pay $75 for one tank. The islands are the outcroppings of a submarine mountain range that extends northeastward from Belize to Cuba. KYD - Caymanian Dollar 1.00 US Dollar = 0.82 021508 Caymanian Dollars 1 KYD = 1.21919 USD We use the mid-market rate for our Converter. UNITED STATES MINOR OUTLYING ISLANDS (THE) US Dollar: USD: 840: UNITED STATES OF AMERICA (THE) US Dollar: USD: 840: UNITED STATES OF . On this page convert KYD to USD using live currency rates as of 27/02/2023 16:37. Our currency rankings show that the most popular Caymanian Dollar exchange rate is the KYD to USD rate. My reasons: 1. 0.8333 KYD . The currency code for Caymanian Dollars is KYD. This Cayman Islands Dollar and United States Dollar convertor is up to date with exchange rates from February 23, 2023. 0.8333 KYD . If you plan to rent an AirBNB, and to cook your own meals, then you will save a considerable amount of money. Cayman Islands dollar (KYD) to U.S. dollar (USD) currency exchange rates. If you are a tourist visiting Grand Cayman, then you do not need to convert your USD to KYD. JodiJacobson / Getty Images. $1 USD = $0.83 KYD. The low point was 1.1885 US Dollars per Cayman Islands Dollar on April 18, 2022. Until 1972 the Cayman Islands used the Jamaican dollar, with the British West Indies dollar before that. The symbol for USD can be written $. However that has added a 3%surcharge since everyone except Capital seems to be charging a foreign transaction fee--and that can really add up. This Cayman Islands Dollar to US Dollar currency converter is updated with real-time rates every 15 minutes as of Mar 01, 2023. Our currency converter will show you the current rate and how its changed over the past day, week or month. Posted Monday at 05:12 PM. Currency conversion rates from Cayman Islands Dollar to U.S. Dollar today Sat, 25 Feb 2023: convert from Cayman Islands Dollar to U.S. Dollar and also convert in a reverse direction. Powering commercial grade rates at 300+ companies worldwide. The currency code for the Cayman Islands Dollar is KYD. Worst: 1 USD = 0.83284 KYD. I pay in American and change is most often given in Cayman Islands Dollars. Fees are quoted in Cayman Islands Dollars (KYD) and United States (USD) Dollars. So right off, I apologize to have to be walked through this! The Cayman Islands Dollar is the currency in Cayman Islands (KY, CYM). Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. 100 KYD to USD 100 KYD = 120.05 USD at the rate on 2023-02-12. We keep the prices updated by checking the exchange rate margins and fees for each provider, and then apply them to the currency interbank rate; our best projection of their price to customers. The Jamaican Dollar is divided into 100 cents. The cost of 100 Cayman Islands Dollars in United States Dollars today is $120.05 according to the "Open Exchange Rates", compared to yesterday, the exchange rate remained unchanged. Their prices are listed in cayman dollars. Global Conversion: In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. The Cayman Islands dollar is pegged to the United States dollar (USD) at CI $1 = US $1.25 as the 'street' conversion (US $1 = CI $.80). The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. You won't receive this rate when sending money. However, the United States Dollar, with a fixed rate of exchange, is widely used in local finance and commerce. Our smart tech means were more efficient which means you get a great rate. Get directions. This rate should also be more favourable than anything the merchants give you, which will be closer to the "paper" rate. Below we provide a comprehensive expense table of the general costs for goods and services in the Cayman Islands. Click on the drop-downs to select the currencies you want to convert between. This is the version of our website addressed to speakers of English in the United States. Click here for the static version. $11.50 + $5.05 shipping. Cuba enforces an unusual two-currency system: tourists must use "convertible pesos" pegged 1:1 in value to the U.S. dollar, whereas the pesos used by residents are worth far less. Essential Information About Currencies in Europe, The 9 Best Singles Destinations and Resorts in the Caribbean. Please note that the prices below are in Cayman dollars and to convert to US dollars add approximately 20%. Alternatively, you may use, The Westin Grand Cayman Seven Mile Beach Resort & Spa, Hampton by Hilton Grand Cayman Seven Mile Beach, http://www.tripadvisor.com/help/how_to_edit_your_posts. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. $1 = $1.20 at the rate on 2023-02-12. 1 Dollar 1 KYD = USD 1.20 Currency: Dollar (1972-date) Composition: Paper: Size: . ISO 4127: KYD Numeric: 136 Symbol: $ List of all currencies 1.00 Cayman dollars = 1.20 US dollars The high point for the KYD/USD rate These currency charts use live mid-market rates, are easy to use, and are very reliable. US currency is widely accepted across all three of the Cayman Islands, so there is no need to convert your money from US to CI for your visit. If I have those I don't have to wonder about my change and the 1.25 conversion factor. What is the best currency to take to Grand Cayman? If you are a tourist, and you already have United States Dollars (USD), then you should bring USD to Grand Cayman. which aggregates real-time forex data from the most authoritative sources. You can't really expect any salary increases during the study period, assuming you already have a job. Check send rates US Dollar to Caymanian Dollar conversion Last updated Mar 1, 2023, 04:24 UTC The currency code for US Dollars is USD. Sign up to get notified, and well let you know as soon as we can. My last question per what travellingbritny mentioned, do merchants on-island use different conversion rates when you use your credit card or when using US dollars? The current exchange rate is equivalent to 1.2000. Exchange rates constantly change throughout the day and can change at the time of closing a trade. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Fish, coral at centre. All businesses accept both USD and the local KYD currency. 1 Cayman Islands Dollar = 1.2000 US Dollars as of February 27, 2023 10:00:01 PM UTC. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Trouble viewing this chart? The exchange rate used for the KYD/USD currency pair was : 1.2. Let's say a businessman wishes to transfer $500 from the United States to the Cayman Islands. I also plan on eating at small cash only places. These currency charts use live mid-market rates, are easy to use, and are very reliable. Every time. Without further aggravating Smushie and everyone else (hope not! We will be patronizing some of the small, local eateries on the island, some of which do not accept credit cards. 3.95 delivery for orders under 500. We use credit cards without foreign transaction fees as much as possible and do not obsess, but also bring US$ to tip housekeeping at condo,taxi drivers as necessary, and other minor expenses. This information was last updated on January 29, 2023 at 12:05 AM CET. Cayman Islands Dollar: 1 KYD = 1.21 USD . ), I have read much of the confusing information and yes, it is all over the place. There were four denominations of paper currency (the $25, $10, $5 and $1 banknotes) and four coins in 25, 10, 5 and 1 denominations. So carry small-denomination notes if you plan to spend U.S. dollars in the Caribbean. 100.00 US dollars = 82 Cayman Islands dollars Historical US dollar / Cayman Islands dollar History of daily rates USD /KYD since Thursday, 13 January 2022. Cayman Islands Dollars per US Dollar in 2023 . Credit cards issued by U.S. banks don't work in Cuba. or Best Offer. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. This is for informational purposes only. Though it was regularly visited by pirates and deserters in the 1600's, it was not permanently settled until the 1730's, after which it became part of the Colony of Jamaica. The Cayman Islands Dollar is The KYD conversion factor has 5 significant digits. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. However, having said that, I do in fact plan to grab a couple hundred cayman island dollars or so from the atm once off the (ta && ta.queueForLoad ? average: $ 1.202; minimum: $ 1.197; maximum . These are the highest points the exchange rate has been at in the last 30 and 90-day periods. In the last 10 years, the highest rate from Cayman Islands Dollars to US Dollars was on August 25, 2019 when each Cayman Islands Dollar was worth $1.2200 USD. more, You seem to have JavaScript disabled. Dollar Issued under the Cayman Islands Currency Law, 1974 . Official Currency (Money) for Caribbean Countries: (* indicates U.S. dollar also widely accepted), Eastern Caribbean Dollar: Anguilla*, Antigua and Barbuda, Dominica*, Grenada, Montserrat, Nevis*, St. Lucia*, St. Kitts, St. Vincent and the Grenadines*, Euro: Guadeloupe, Martinique, St. Barts, St. Martin, Netherlands Antilles Guilder: Curacao, St. Eustatius, St. Maarten, Saba*, U.S. Dollar: British Virgin Islands, Puerto Rico, U.S. Virgin Islands, Bonaire, Turks and Caicos, The Florida Keys. The code for the Cayman Islands Dollar is KYD The symbol for the Cayman Islands Dollar is $ The Dollar is divided into 100 cents The KY Dollar is divided into 100 cents For 2023, one American Dollar has equalled average: $ 0.833 minimum: $ 0.820 maximum: $ 0.844 In the last 10 years, the Cayman Islands Dollar is This means that $5 USD converts to about $4 KYD. You can convert Cayman Islands Dollars to US Dollars by using the exchange-rates.org currency converter in just one easy step. Every time. Get the best deals on Cayman Islands 25 when you shop the largest online selection at eBay.com. Print the charts and take them with you in your purse or wallet while you are traveling. View Map Address 10 Market St, KY1-9006, Cayman Islands. The symbol for KYD can be written CI$. The following nations use their own currencies: Many placesaccept the U.S. dollar, but you should always check before traveling to make sure you have the right money to spend. What is the best currency to use in the Cayman Islands. 0.00 USD . The cost of 1 Cayman Islands Dollar in United States Dollars today is $1.20 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.23% (by +$0.0027). 1 KYD to USD - Convert Caymanian Dollars to US Dollars Amount 1.00$ From KYD - Caymanian Dollar To USD - US Dollar 1.00 Caymanian Dollar = 1.21 94218 US Dollars 1 USD = 0.820061 KYD We use the mid-market rate for our Converter. 1 Cayman Islands Dollar = 1.1996031713 United States Dollar 1 United States Dollar = 0.833609 Cayman Islands Dollar Example: convert 15 Cayman Islands Dollar to United States Dollar: 15 Cayman Islands Dollar = 15 1.1996031713 United States Dollar = 17.9940475691 United States Dollar Popular Currency Conversions EUR to USD GBP to USD MXN to USD 1 KYD = 1.20 USD 1 KYD = 1.13 EUR The KYD/USD rate is up +0.49%. The best way is not to explicitly exchange at all. This means the Cayman Islands Dollar has increased in value compared to the US Dollar. Sign up to get notified, and well let you know as soon as we can. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. However we seldom use our money, just charge things. For personal reasons, I think it will be fun and cool to be use the local currency for a little bit. The Cayman Islands are an archipelago of three islands that sit 150 miles south of Cuba. It's code is KYD and & the symbol is $. Convert USD/KYD - Wise US Dollar to Cayman Islands Dollar Convert USD to KYD at the real exchange rate KYD 1.00000 USD = 0.83000 KYD Mid-market exchange rate at 21:06 UTC Track the exchange rate We can't send money between these currencies We're working on it. In countries that use the Euro and some Caribbean nations in South America and Central America (as well as Cuba), you must exchange your U.S. dollars to local currency. Convert U.S. Dollar (USD) to Cayman Islands Dollar (KYD) 1 U.S. Dollar = 0.8335 Cayman Islands Dollar Monday, 13 February 2023, 10:43 New York time, Monday, 13 February 2023, 10:43 George Town time U.S. Dollar recorded today about 0.83 for every 1 Cayman Islands Dollar. Set an alert now, and well tell you when it gets better. The symbol for JMD can be written J$. The first Cayman Islands currency was issued in 1971. You can get live exchange rates between Cayman Islands Dollars and US Dollars using exchange-rates.org, The reason why the Cayman Islands is a dual-currency economy is because there are lots of tourists from the US. OK, I am truly feeling stupid and feel that there is a piece I am missing. If you are a tourist, then you can pay for everything with USD. It makes sense to accept both KYD and USD as most visitors from the United States are bringing USD. was 1.2055 US Dollars per Cayman Islands Dollar on May 3, 2022. The average yearly salary in the Cayman Islands is 38,900 KYD (USD 46,131). The fixed exchange rate is 1 KYD = 1.2 USD. | | | Catal | esk | Dansk | Deutsch | | English | Espaol | Eesti | Suomi | Franais | Gaeilge | | Bosanski jezik | Magyar | Indonesia | slenska | Italiano | | | | Lietuvikai | Latvijas | | Melayu | Maltija | Nederlands | Norske | Polski | Portugus | Romn | | Slovensky | Slovenski | Shqiptar | | Svenska | | Trke | | Ting Anh | | , Add currency calculators or rates to your website | Like Coinmill on Facebook, Copyright (C) 2003-2023 Stephen Ostermiller | Privacy Policy, Add currency calculators or rates to your website. We are not staying at a hotel if that is an option. The best way is not to explicitly exchange at all. The Cayman Islands is the only country with a stronger currency than the U.S. dollar. Today's Live US Dollar to Cayman Islands Dollar Spot Rate: 1 US Dollar = 0.8333 Cayman Islands Dollars as of March 2, 2023 2:00:02 PM UTC. Melbourne, FL. One Cayman Islands Dollar equals 1.20 US dollar or 1.13 Euro. The Cayman Islands Dollar (KYD) is pegged to the United States Dollar (USD). To give you a better idea, we'll analyze the country's salary structure from a few different perspectives: Live tracking and notifications + flexible delivery and payment options. The USD conversion factor has 6 significant digits. If the exchange rate is .833 on the island and also with a bank here, isn't the only variable what you pay for that exchange? Many visitors reported a good experience with Brac Scuba Shack, which offers various wreck and wall dives around Cayman Brac. Industry. Need to know when a currency hits a specific rate? If you are entering the Cayman Islands with $10,000.00 USD cash or more, then you need to declare the amount in writing to an officer at the airport. 100.00 US dollars = 84.11 Cayman Islands dollars The worst day to change US dollars in Cayman Islands dollars was the Wednesday, 23 March 2022. Yes, US dollars are accepted in Grand Cayman. When we do that on the island the merchant makes the exchange rate before charging the card, right? Wise US Inc is authorized to operate in most states. Latest Rate . I need to figure out a means other than an atm as my bank charges huge fees for use of an out of country atm as well as other fees for foreign currency. Do not use your credit cards at an ATM, though - you pay interest from the moment you take out money and there is usually a hefty surcharge - just use your regular bank ATM card. For starters, Puerto Rico and the U.S. Virgin Islands, both U.S. territories, use the U.S. dollar as the legal currency. You can usually find a currency exchange window in Caribbean airports, and you can also exchange money at local banks. Please note that all debit transactions for funds withdrawn or payments to third parties, are subject to Cayman Islands Government Stamp Duty of $0.25 per item. Our Terms & Conditions Apply, Free currency calculator for your website, Free currency conversion for your website, Free exchange rate table for your website, Kantox exchange rate margins and fees were checked and updated from, Worldremit exchange rate margins and fees were checked and updated from, The Dollar is the currency used in Samoa (American), Virgin Islands (US), British Indian Ocean Territory, Virgin Islands (UK), Turks & Caicos Is, Ecuador, El Salvador, Guam, Northern Mariana Islands, Marshall Islands, Micronesia, US minor outlying islands, Palau, Puerto Rico and United States, The code for the Cayman Islands Dollar is, The symbol for the Cayman Islands Dollar is$, For 2023, one American Dollar has equalled.