Convert Malaysian Ringgit to Cape Verdean Escudo
Please provide values below to convert Malaysian Ringgit [MYR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Cape Verdean Escudo
1 MYR = 0.0450207846345852 CVE
Example: convert 15 MYR to CVE:
15 MYR = 15 × 0.0450207846345852 CVE = 0.675311769518777 CVE
Malaysian Ringgit to Cape Verdean Escudo Conversion Table
| Malaysian Ringgit | Cape Verdean Escudo |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.