Convert Cayman Islands Dollar to Cape Verdean Escudo
Please provide values below to convert Cayman Islands Dollar [KYD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Cape Verdean Escudo
1 KYD = 0.00886605374958638 CVE
Example: convert 15 KYD to CVE:
15 KYD = 15 × 0.00886605374958638 CVE = 0.132990806243796 CVE
Cayman Islands Dollar to Cape Verdean Escudo Conversion Table
| Cayman Islands Dollar | Cape Verdean Escudo |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.