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Easily convert KYD to XDR with ConvertOnline's efficient tool.
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean. It is commonly used for transactions within the islands and is pegged to the United States Dollar (USD), making it a stable currency for both residents and visitors alike.
Special Drawing Rights (XDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. It is not a currency in the traditional sense but rather a financial instrument that can be exchanged among member countries for freely usable currencies to stabilize their economies and support international trade.