Convert Cape Verdean Escudo to Malaysian Ringgit
Please provide values below to convert Cape Verdean Escudo [CVE] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Malaysian Ringgit
1 CVE = 22.2119629437066 MYR
Example: convert 15 CVE to MYR:
15 CVE = 15 × 22.2119629437066 MYR = 333.179444155599 MYR
Cape Verdean Escudo to Malaysian Ringgit Conversion Table
| Cape Verdean Escudo | Malaysian Ringgit |
|---|
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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.