Convert Cape Verdean Escudo to Euro
Please provide values below to convert Cape Verdean Escudo [CVE] to Euro [EUR], or Convert Euro to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Euro
1 CVE = 110.223642547203 EUR
Example: convert 15 CVE to EUR:
15 CVE = 15 × 110.223642547203 EUR = 1653.35463820804 EUR
Cape Verdean Escudo to Euro Conversion Table
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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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.