Convert Bermudan Dollar to Cape Verdean Escudo
Please provide values below to convert Bermudan Dollar [BMD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Bermudan Dollar.
How to Convert Bermudan Dollar to Cape Verdean Escudo
1 BMD = 0.0106396900871071 CVE
Example: convert 15 BMD to CVE:
15 BMD = 15 × 0.0106396900871071 CVE = 0.159595351306607 CVE
Bermudan Dollar to Cape Verdean Escudo Conversion Table
| Bermudan Dollar | Cape Verdean Escudo |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.