The official currency of Cayman Islands is Cayman Islands Dollar (code KYD; symbol CI$), divided into 100 cents. Available notes come in denominations of CI$100, CI$50, CI$25, CI$10, CI$5 and CI$1. Coins come in denominations of 25, 10, 5 and 1 cents.
The Cayman Islands dollar is pegged to the US dollar at a fixed rate of CI$1 = US$1.25. US dollar is also accepted as payment by all businesses, but the change may be given in CI$.
Foreign Currency Exchange
Foreign currency can be exchanged at banks, money exchange offices or hotels. Hotels tend to give worse rates. Although Cayman Islands dollar is tied to the US dollar, the rates for exchange will include a fee (most banks charge four cents per dollar) and the final rates vary slightly.
If you bring US dollars to Cayman Islands, there is no need to exchange them - they are accepted everywhere.
Visitors to Cayman Islands should pay attention to which currency the prices are being quoted - CI$ or US dollars. Since some businesses tend to quote prices in US dollars (mostly hotels) and others in Cayman Island dollars (like restaurants or shops), it is easy to make a mistake.
Automated Teller Machines (ATMs) are available on Grand Cayman, but rare on Cayman Brac and not available on Little Cayman. They are mostly located at banks (there is one at the Owen Roberts International Airport) and accept international credit and debit cards with Visa, MasterCard and Cirrus logos.
Major credit cards are widely accepted on Cayman Islands by most hotels, restaurants and shops.
Traveler's checks are widely accepted. Recommended are checks in US dollars.
Typically banks on Cayman Islands are open from 9:00am to 4:00pm, Monday to Thursday and 9:00am to 4:30pm on Fridays. Some banks are open on Saturday mornings.
Current Cayman Islands Dollar Rates
For other currencies or conversion amounts go to Currency Converter