Convert Cape Verdean Escudo to Tongan Paanga
Please provide values below to convert Cape Verdean Escudo [CVE] to Tongan Paanga [TOP], or Convert Tongan Paanga to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Tongan Paanga
1 CVE = 39.417757087737 TOP
Example: convert 15 CVE to TOP:
15 CVE = 15 × 39.417757087737 TOP = 591.266356316054 TOP
Cape Verdean Escudo to Tongan Paanga Conversion Table
| Cape Verdean Escudo | Tongan Paanga |
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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.
Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.