Convert Cape Verdean Escudo to Brazilian Real
Please provide values below to convert Cape Verdean Escudo [CVE] to Brazilian Real [BRL], or Convert Brazilian Real to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Brazilian Real
1 CVE = 16.8830070055685 BRL
Example: convert 15 CVE to BRL:
15 CVE = 15 × 16.8830070055685 BRL = 253.245105083528 BRL
Cape Verdean Escudo to Brazilian Real Conversion Table
| Cape Verdean Escudo | Brazilian Real |
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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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.