Convert Malawian Kwacha to Cape Verdean Escudo
Please provide values below to convert Malawian Kwacha [MWK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Malawian Kwacha.
How to Convert Malawian Kwacha to Cape Verdean Escudo
1 MWK = 18.5502496603279 CVE
Example: convert 15 MWK to CVE:
15 MWK = 15 × 18.5502496603279 CVE = 278.253744904918 CVE
Malawian Kwacha to Cape Verdean Escudo Conversion Table
| Malawian Kwacha | Cape Verdean Escudo |
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
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.