Convert Canadian Dollar to Cape Verdean Escudo
Please provide values below to convert Canadian Dollar [CAD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Canadian Dollar.
How to Convert Canadian Dollar to Cape Verdean Escudo
1 CAD = 0.0144965777436835 CVE
Example: convert 15 CAD to CVE:
15 CAD = 15 × 0.0144965777436835 CVE = 0.217448666155252 CVE
Canadian Dollar to Cape Verdean Escudo Conversion Table
| Canadian Dollar | Cape Verdean Escudo |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.