Convert Cape Verdean Escudo to New Zealand Dollar
Please provide values below to convert Cape Verdean Escudo [CVE] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to New Zealand Dollar
1 CVE = 56.3137807070102 NZD
Example: convert 15 CVE to NZD:
15 CVE = 15 × 56.3137807070102 NZD = 844.706710605153 NZD
Cape Verdean Escudo to New Zealand Dollar Conversion Table
| Cape Verdean Escudo | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.