Exchanging $$ for Grand Cayman
#2
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When we went to Grand Cayman about 4 years ago, we did not bother to change money at all. Most of the time, we used a credit card. Where we did not, the shops accepted US dollars. The stores would post both US dollar and Cayman prices. The rate at the time had the Cayman money slightly more in value than the US dollar. We also tipped in dollars. I hope this helps.
#4
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I just returned from GC a few days ago. I converted some money at the hotel just for convenience, but mostly used US dollars which were accepted everywhere (even small jerk stands) and credit card. I wouldn't bother converting before you reach the island; doubt you would get a better rate. I stayed on the East End of the island and we received CI $ in change there. While in Georgetown and SMB, we received mostly US $ in change. Hope you have a great trip - we sure did!