Convert Hong Kong Dollar to Cape Verdean Escudo
Please provide values below to convert Hong Kong Dollar [HKD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Cape Verdean Escudo
1 HKD = 0.0835194392457737 CVE
Example: convert 15 HKD to CVE:
15 HKD = 15 × 0.0835194392457737 CVE = 1.2527915886866 CVE
Hong Kong Dollar to Cape Verdean Escudo Conversion Table
| Hong Kong Dollar | Cape Verdean Escudo |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.