Grand Cayman Currency
Grand Cayman operates with both its official currency—the Cayman Islands Dollar (KYD)—and the widely accepted US Dollar (USD). Thanks to the fixed exchange rate, there’s no confusion or unpleasant surprises. The seamless system allows discerning travelers to enjoy world-class experiences without unnecessary hassle.
Guidelines for Currency in Grand Cayman
To make your financial transactions stress-free, keep these important points in mind:
- Official Currency:Â The Cayman Islands Dollar (KYD or CI$).
- Exchange Rate:Â Fixed at CI$1.00 = US$1.25 (or US$1.00 = CI$0.80).
- Dual-Currency Economy:Â Both KYD and USD are accepted everywhere.
- Change in KYD:Â If you pay in USD, expect your change in KYD.
- Credit Cards: Visa and Mastercard, are widely accepted across hotels, fine dining, and luxury retailers. American Express is accepted in some establishments, make sure to inquire.
- Dynamic Currency Conversion: Always choose to pay in KYD for better rates.
- ATMs: Widely available in George Town and tourist hubs, offering both KYD and USD withdrawals.
- Service Charges & Tips: Restaurants often add a 15–18% gratuity; check your bill before tipping extra.
- Hotel Fees: A government tax of 13% is added to accommodation bills, sometimes with an additional service charge.
- Cash Usage: Carry small denominations of USD and KYD for markets, taxis, or local tips.
Currency Providers in Grand Cayman
If you need physical Cayman Islands Dollars during your stay, here are some of the most reliable and convenient providers:
Cayman National Bank
- One of the island’s largest and most trusted banks.
- Offers ATM services, cash advances, and currency exchange.
- Branches conveniently located in George Town.
Scotiabank Cayman
- Internationally recognized bank with multiple branches.
- Provides secure ATM services and cash withdrawal options.
- Excellent for travelers seeking familiar global banking standards.
Royal Bank of Canada (RBC) Cayman
- A trusted name in luxury banking with strong international presence.
- Services include ATMs, currency exchange, and cash advances.
- Located in central George Town.
FAQs about Currency in Cayman
The Cayman Islands Dollar (KYD), also called CI$, is the official currency.
Yes. US dollars are widely accepted everywhere, including luxury hotels, shops, and restaurants.
Not necessarily. Many travelers use only US dollars and credit cards. However, you may receive change in KYD when paying in USD.
The fixed exchange rate is CI$1.00 = US$1.25 (or US$1.00 = CI$0.80).
Yes. Visa and Mastercard are widely accepted, especially in tourist areas.
Always choose KYD to avoid vendor-set exchange rates. Your bank usually gives a better conversion.
Yes. ATMs are readily available in George Town, Seven Mile Beach, and other popular areas.
Many restaurants automatically include a 15–18% service charge. If not, a 10–15% tip is customary.
No. however, there is a 13% Tourism Accommodation Tax added to your accommodation bill.
Yes, but only in small amounts. Cards are widely accepted, but cash is useful for taxis, tips, and local markets.
Yes, most ATMs dispense both currencies.
Amounts over $10,000 (or equivalent in foreign currency) must be declared to customs.
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