The Cayman Islands Dollar (KYD) is the national currency of the Cayman Islands, first introduced in 1972. It is pegged to the USD (United States Dollar) at a fixed exchange rate. 

As of December 31, 2023, the fixed exchange rate is:

1 KYD = 1.20 USD

Given the amount of capital invested in the Cayman Islands, the currency remains one of the strongest and most popular in the world. The Cayman Islands are well known as a “tax haven” which attracts a lot of investor capital. Cayman is a popular choice of jurisdiction for many companies, which include: