Countries that use the Cape Verdean escudoThe Cape Verdean escudo was established in 1975 as an official national currency and is used only in Cape Verde. 1 escudo is devided into 100 Centavos.
The Cape Verdean escudo is tied to the euro with a fixed exchange rate. Therefore, 1 escudo always equals to 0.0091 euro.
List of all currencies
1.00 Cape Verdean escudos = 0.0098 US dollars
↔ Reverse currencies
Exchange rate history 10 CVE in USDThe graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 10 CVE moved during this time from USD 0.10 to USD 0.10. In these 77 months it fell by 4.4 percent.
Cape Verdean escudo as currency
|Cape Verde||Western Africa|
US dollar as currency
|British Virgin Islands||Caribbean|
|El Salvador||Central America|
|East Timor||Southeast Asia|
|Federated States of Micronesia||Micronesia|
|Northern Mariana Islands||Micronesia|
|Turks and Caicos Islands||Caribbean|
|United States of America||North America|
|British Indian Ocean Territory||Eastern Africa|
|United States Minor Outlying Islands||Micronesia|
Currency reserves for the Cape Verdean escudoAccording to the International Monetary Fund, the total broad money (M3) amounted to CVE 225.29 billion at the end of 2022. For currency hedging, reserves were held in a total amount of 75.92 billion escudos. This corresponds to a ratio of 1:3.0. Or in other words, 10 of 30 escudos are deposited with a countervalue, which is internationally already above average.
Approximately 6.25 billion escudos (8.2%) of the currency reserves exist in gold reserves. The remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.
› Worldwide currency and gold reserves
SourcesAll conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.