Convert Cape Verdean Escudo to Salvadoran Colón
Please provide values below to convert Cape Verdean Escudo [CVE] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Salvadoran Colón
1 CVE = 10.7545350886879 SVC
Example: convert 15 CVE to SVC:
15 CVE = 15 × 10.7545350886879 SVC = 161.318026330318 SVC
Cape Verdean Escudo to Salvadoran Colón Conversion Table
| Cape Verdean Escudo | Salvadoran Colón |
|---|
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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.