Convert Saint Helena Pound to Cape Verdean Escudo
Please provide values below to convert Saint Helena Pound [SHP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Saint Helena Pound.
How to Convert Saint Helena Pound to Cape Verdean Escudo
1 SHP = 0.00787656257148542 CVE
Example: convert 15 SHP to CVE:
15 SHP = 15 × 0.00787656257148542 CVE = 0.118148438572281 CVE
Saint Helena Pound to Cape Verdean Escudo Conversion Table
| Saint Helena Pound | Cape Verdean Escudo |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.