Convert New Taiwan Dollar to Cape Verdean Escudo
Please provide values below to convert New Taiwan Dollar [TWD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Cape Verdean Escudo
1 TWD = 0.312434499407901 CVE
Example: convert 15 TWD to CVE:
15 TWD = 15 × 0.312434499407901 CVE = 4.68651749111852 CVE
New Taiwan Dollar to Cape Verdean Escudo Conversion Table
| New Taiwan Dollar | Cape Verdean Escudo |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.