Convert Norwegian Krone to Cape Verdean Escudo
Please provide values below to convert Norwegian Krone [NOK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Norwegian Krone.
How to Convert Norwegian Krone to Cape Verdean Escudo
1 NOK = 0.10758641822281 CVE
Example: convert 15 NOK to CVE:
15 NOK = 15 × 0.10758641822281 CVE = 1.61379627334215 CVE
Norwegian Krone to Cape Verdean Escudo Conversion Table
| Norwegian Krone | Cape Verdean Escudo |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.