Historic Cayman Islands dollar Danish Krone

Cayman Islands dollar danish krone history for February 2024. The highest quote for this month is 8.5468 (13/02/2024) and the lowest 8.5237 (14/02/2024). The difference between high and low is 0.27.

KYD DKK average rate for February 2024 is 8.46179, the change between 01/02/2024 and 29/02/2024 is +0.3 %.

01 February 20241 KYD = 8.48 DKK
02 February 20241 KYD = 8.41 DKK
03 February 20241 KYD = 8.42 DKK
04 February 20241 KYD = 8.42 DKK
05 February 20241 KYD = 8.41 DKK
06 February 20241 KYD = 8.51 DKK
07 February 20241 KYD = 8.51 DKK
08 February 20241 KYD = 8.49 DKK
09 February 20241 KYD = 8.48 DKK
10 February 20241 KYD = 8.43 DKK
11 February 20241 KYD = 8.43 DKK
12 February 20241 KYD = 8.48 DKK
13 February 20241 KYD = 8.49 DKK
14 February 20241 KYD = 8.54 DKK
15 February 20241 KYD = 8.53 DKK
16 February 20241 KYD = 8.50 DKK
17 February 20241 KYD = 8.44 DKK
18 February 20241 KYD = 8.44 DKK
19 February 20241 KYD = 8.48 DKK
20 February 20241 KYD = 8.49 DKK
21 February 20241 KYD = 8.46 DKK
22 February 20241 KYD = 8.46 DKK
23 February 20241 KYD = 8.45 DKK
25 February 20241 KYD = 8.39 DKK
26 February 20241 KYD = 8.46 DKK
27 February 20241 KYD = 8.43 DKK
28 February 20241 KYD = 8.44 DKK
29 February 20241 KYD = 8.46 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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