Convert Macanese Pataca to Cape Verdean Escudo
Please provide values below to convert Macanese Pataca [MOP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Macanese Pataca.
How to Convert Macanese Pataca to Cape Verdean Escudo
1 MOP = 0.0860282781683135 CVE
Example: convert 15 MOP to CVE:
15 MOP = 15 × 0.0860282781683135 CVE = 1.2904241725247 CVE
Macanese Pataca to Cape Verdean Escudo Conversion Table
| Macanese Pataca | Cape Verdean Escudo |
|---|
Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
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.