Convert Chinese Yuan (Offshore) to Cape Verdean Escudo
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Cape Verdean Escudo
1 CNH = 0.0763027396138005 CVE
Example: convert 15 CNH to CVE:
15 CNH = 15 × 0.0763027396138005 CVE = 1.14454109420701 CVE
Chinese Yuan (Offshore) to Cape Verdean Escudo Conversion Table
| Chinese Yuan (Offshore) | Cape Verdean Escudo |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.