Convert Cape Verdean Escudo to Thai Baht
Please provide values below to convert Cape Verdean Escudo [CVE] to Thai Baht [THB], or Convert Thai Baht to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Thai Baht
1 CVE = 2.91773095000093 THB
Example: convert 15 CVE to THB:
15 CVE = 15 × 2.91773095000093 THB = 43.765964250014 THB
Cape Verdean Escudo to Thai Baht Conversion Table
| Cape Verdean Escudo | Thai Baht |
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.