Convert Swedish Krona to Cape Verdean Escudo
Please provide values below to convert Swedish Krona [SEK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Swedish Krona.
How to Convert Swedish Krona to Cape Verdean Escudo
1 SEK = 0.101548394098377 CVE
Example: convert 15 SEK to CVE:
15 SEK = 15 × 0.101548394098377 CVE = 1.52322591147565 CVE
Swedish Krona to Cape Verdean Escudo Conversion Table
| Swedish Krona | Cape Verdean Escudo |
|---|
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.