Convert Czech Republic Koruna to Cape Verdean Escudo
Please provide values below to convert Czech Republic Koruna [CZK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Cape Verdean Escudo
1 CZK = 0.223401572758989 CVE
Example: convert 15 CZK to CVE:
15 CZK = 15 × 0.223401572758989 CVE = 3.35102359138483 CVE
Czech Republic Koruna to Cape Verdean Escudo Conversion Table
| Czech Republic Koruna | Cape Verdean Escudo |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.