The Cayman Islands Dollar (KYD) is the official currency, which is divided into 100 cents. It is fixed to the US dollar at US$1.20. Currency can be exchanged at the banks, bureaux de change and many hotels. Banks are open Monday to Saturday. US Dollars are accepted as payment in most establishments and are the preferred currency for exchange as both cash and as travellers cheques. ATMs are widely available and major credit and debit cards are accepted.
