Cost of living in Cayman Islands, Caribbean
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Which is stronger, US dollar or Cayman dollar?

Country Caribbean Updated June 2026

The Cayman Islands dollar (KYD or CI$) is stronger than the US dollar. The KYD has been pegged to USD at a fixed rate since 1974, set at US$1.20 per CI$1. So CI$1 = US$1.20, and US$1 = roughly CI$0.83. The peg is maintained by the Cayman Islands Monetary Authority and does not float against the market. Tourists often find this confusing because prices in stores may be listed in either currency, and a posted price can look low if you assume it is USD when it is actually KYD. Always check the currency on a price tag; the gap is 20 percent either way. For the cost of living picture, see our Cayman Islands cost of living page.

About the author

Jo Berks

Jo Berks

Global Cost of Living Research & Data Analyst

Jo is an independent researcher with over a decade of experience delivering data, analysis, and structured reports across multiple industries. Her work focuses on sourcing and validating datasets to produce clear, usable insights. At CostLiving, she analyses global pricing data and identifies regional cost trends to support research-led content and comparative resources.

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