Convert Cape Verdean Escudo to Malawian Kwacha
Please provide values below to convert Cape Verdean Escudo [CVE] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Malawian Kwacha
1 CVE = 0.0539076302643317 MWK
Example: convert 15 CVE to MWK:
15 CVE = 15 × 0.0539076302643317 MWK = 0.808614453964975 MWK
Cape Verdean Escudo to Malawian Kwacha Conversion Table
| Cape Verdean Escudo | Malawian Kwacha |
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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.
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.