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Exchange Rate Home >> Foreign Exchange Cities >> George Town
Exchange Rate George Town
Use the currency converter below to calculate the current exchange rate for the city of George Town. The currency used in George Town is the Cayman Islands Dollar. George Town is the capital of The Cayman Islands.
If you are traveling to George Town, you will need to exchange your currency for the Caymanian Dollar. You may exchange your money for the Cayman Islands Dollar at most George Town banks or at specialized stores called Foreign Exchange Bureaus. Look for signs that say Bureau De Change, Geld Wechseln or Cambio. You may be able to exchange your money at the George Town airport, but exchange rates may not be the best. You should consider purchasing the Cayman Islands Dollar currency at a more favorable exchange rate before you arrive in George Town. You can do that by researching online currency brokers that do foreign exchange. If on holiday, vacation, or business you can also inquire about purchasing travellers checks (Travellers Cheques). Also, before your trip, consult with your credit or debit card bank about the foreign exchange transaction fees charged for using your card in George Town, Cayman Islands.
About George Town
George Town, Grand Cayman, is the capital of the Cayman Islands, in the British West Indies. The town has a population of 30,600 (2006 estimates).
George Town is the heart of the Cayman Islands financial industry, with over 600 banks located there.
The financial services generated CI$1.2 billion of GDP in 2007 (55% of the total economy), 36% of all employment and 40% of all government revenue. The Cayman Islands currently ranks fifth internationally in terms of value of liabilities booked in the Cayman Islands and sixth in terms of assets booked. It has branches of 40 of the world’s 50 largest banks. The Cayman Islands are the second largest captive domicile in the world with more than 700 captives, writing more than US$7.7 billion of premiums and with US$36.8 billion of assets under management. There are more than 9,500 funds under licence with globally recognised legal, audit/accounting and fund administration services(incl. the Big Four auditors). Major law firms such as Maples and Calder have established themselves in the Cayman Islands. Similarly, large accounting firms such as KPMG, Ogier, Ernst & Young and Deloitte are also present. As a result, Cayman is a leader in captive domiciles, hedge fund registrations and an international banking center.
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