Convert Cape Verdean Escudo to Aruban Florin
Please provide values below to convert Cape Verdean Escudo [CVE] to Aruban Florin [AWG], or Convert Aruban Florin to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Aruban Florin
1 CVE = 52.507094972067 AWG
Example: convert 15 CVE to AWG:
15 CVE = 15 × 52.507094972067 AWG = 787.606424581006 AWG
Cape Verdean Escudo to Aruban Florin Conversion Table
| Cape Verdean Escudo | Aruban Florin |
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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.
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.