Convert Cape Verdean Escudo to Macedonian Denar
Please provide values below to convert Cape Verdean Escudo [CVE] to Macedonian Denar [MKD], or Convert Macedonian Denar to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Macedonian Denar
1 CVE = 1.77852733802876 MKD
Example: convert 15 CVE to MKD:
15 CVE = 15 × 1.77852733802876 MKD = 26.6779100704313 MKD
Cape Verdean Escudo to Macedonian Denar Conversion Table
| Cape Verdean Escudo | Macedonian Denar |
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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.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.