Convert Australian Dollar to Cape Verdean Escudo
Please provide values below to convert Australian Dollar [AUD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Australian Dollar.
How to Convert Australian Dollar to Cape Verdean Escudo
1 AUD = 0.0162702140812042 CVE
Example: convert 15 AUD to CVE:
15 AUD = 15 × 0.0162702140812042 CVE = 0.244053211218064 CVE
Australian Dollar to Cape Verdean Escudo Conversion Table
| Australian Dollar | Cape Verdean Escudo |
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies 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.