CVE · CVE
Cape Verdean Escudo (CVE)
The Cape Verdean escudo (CVE) is the official currency of Cape Verde, pegged to the euro. Learn about its history, economy, and usage.
Convert this currency
Converted amount
0.0105 USD
Exchange rate
1 CVE = 0.010460 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
CVE · Cape Verdean Escudo
Cape Verdean Escudo (CVE) Overview
The Cape Verdean escudo (CVE) is the official currency of Cape Verde, an island nation off the coast of West Africa. Introduced in 1914, it replaced the Cape Verdean real. The currency is issued by the Bank of Cape Verde, the country's central bank. The escudo is subdivided into 100 centavos, although coins in circulation are limited to denominations of 1, 5, 10, 20, and 50 escudos, with banknotes in denominations of 200, 500, 1000, 2000, and 5000 escudos.
Cape Verde's economy is service-oriented, with tourism, remittances, and foreign aid playing significant roles. The currency is pegged to the euro at a fixed rate of 1 EUR = 110.265 CVE, a peg that has been in place since 1998. This peg provides stability and helps control inflation, but it also means that monetary policy is largely influenced by the European Central Bank's decisions.
For travelers and businesses, the CVE is not widely traded internationally, so it is advisable to exchange currency within Cape Verde or use major credit cards. The country's reliance on imports and tourism makes the exchange rate relatively stable, but economic conditions can change. Always check current rates before making financial decisions.
- Code
- CVE
- Symbol
- CVE
- Current rate
- USD / CVE
Currency information
Last updated · 8/7/2026
The Cape Verdean escudo was introduced in 1914, replacing the Cape Verdean real at a rate of 1 escudo = 1000 réis.
- Official name
- Cape Verdean Escudo
- Legal tender status
- Legal tender in Cape Verde
- Decimal places
- 2
- Minor unit
- Centavo · 1 CVE = 100 Centavo
- Countries
- Cape Verde
- Issuing authority
- Bank of Cape Verde
- Central bank
- Bank of Cape Verde · Official website
- Exchange-rate regime
- Pegged to the euro
Common banknotes
200 escudos · 500 escudos · 1000 escudos · 2000 escudos · 5000 escudos
Common coins
1 escudo · 5 escudos · 10 escudos · 20 escudos · 50 escudos · 100 escudos
Also known as
CVE · Cape Verdean Escudo · Esc
Practical notes
- The escudo is pegged to the euro at a fixed rate of 1 EUR = 110.265 CVE.
Priority currency pairs
The most useful conversions for this currency.
Cape Verdean Escudo questions
What is the CVE exchange rate?
The displayed rate is the latest available reference rate for USD/CVE. It can change throughout the day.
How can I convert CVE online?
Use the converter above to calculate indicative amounts between CVE and the other supported currencies.