Convert Singapore Dollar to Cape Verdean Escudo
Please provide values below to convert Singapore Dollar [SGD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Singapore Dollar.
How to Convert Singapore Dollar to Cape Verdean Escudo
1 SGD = 0.013615611404471 CVE
Example: convert 15 SGD to CVE:
15 SGD = 15 × 0.013615611404471 CVE = 0.204234171067065 CVE
Singapore Dollar to Cape Verdean Escudo Conversion Table
| Singapore Dollar | Cape Verdean Escudo |
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Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
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.