Historic Mexican peso Cayman Islands dollar

Mexican peso cayman islands dollar history for March 2024. The highest quote for this month is 0.048754 (12/03/2024) and the lowest 0.048868 (12/03/2024). The difference between high and low is -0.23.

MXN KYD average rate for March 2024 is 0.04825, the change between 01/03/2024 and 31/03/2024 is -2.1 %.

01 March 20241 MXN = 0.0478 KYD
03 March 20241 MXN = 0.0482 KYD
04 March 20241 MXN = 0.0478 KYD
05 March 20241 MXN = 0.0481 KYD
06 March 20241 MXN = 0.0481 KYD
07 March 20241 MXN = 0.0483 KYD
08 March 20241 MXN = 0.0481 KYD
10 March 20241 MXN = 0.0488 KYD
11 March 20241 MXN = 0.0485 KYD
12 March 20241 MXN = 0.0488 KYD

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.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

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

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

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

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.

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.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

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.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.