Convert Danish Krone to Cape Verdean Escudo
Please provide values below to convert Danish Krone [DKK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Danish Krone.
How to Convert Danish Krone to Cape Verdean Escudo
1 DKK = 0.0676556613258969 CVE
Example: convert 15 DKK to CVE:
15 DKK = 15 × 0.0676556613258969 CVE = 1.01483491988845 CVE
Danish Krone to Cape Verdean Escudo Conversion Table
| Danish Krone | Cape Verdean Escudo |
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Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.
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.