Convert Cape Verdean Escudo to Bahamian Dollar
Please provide values below to convert Cape Verdean Escudo [CVE] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Bahamian Dollar
1 CVE = 93.9877 BSD
Example: convert 15 CVE to BSD:
15 CVE = 15 × 93.9877 BSD = 1409.8155 BSD
Cape Verdean Escudo to Bahamian Dollar Conversion Table
| Cape Verdean Escudo | Bahamian Dollar |
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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.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.