Convert Philippine Peso to Cape Verdean Escudo
Please provide values below to convert Philippine Peso [PHP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Philippine Peso.
How to Convert Philippine Peso to Cape Verdean Escudo
1 PHP = 0.605848424847081 CVE
Example: convert 15 PHP to CVE:
15 PHP = 15 × 0.605848424847081 CVE = 9.08772637270621 CVE
Philippine Peso to Cape Verdean Escudo Conversion Table
| Philippine Peso | Cape Verdean Escudo |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.