Convert Cape Verdean Escudo to South Korean Won
Please provide values below to convert Cape Verdean Escudo [CVE] to South Korean Won [KRW], or Convert South Korean Won to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to South Korean Won
1 CVE = 0.0679803687506293 KRW
Example: convert 15 CVE to KRW:
15 CVE = 15 × 0.0679803687506293 KRW = 1.01970553125944 KRW
Cape Verdean Escudo to South Korean Won Conversion Table
| Cape Verdean Escudo | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.