Convert Cape Verdean Escudo to Swiss Franc
Please provide values below to convert Cape Verdean Escudo [CVE] to Swiss Franc [CHF], or Convert Swiss Franc to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Swiss Franc
1 CVE = 118.238394766637 CHF
Example: convert 15 CVE to CHF:
15 CVE = 15 × 118.238394766637 CHF = 1773.57592149956 CHF
Cape Verdean Escudo to Swiss Franc Conversion Table
| Cape Verdean Escudo | Swiss Franc |
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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.
Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.