Countries that use the Cape Verdean escudo

The 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.

ISO 4127:

CVE

Numeric:

132

List of all currencies

Overview: Cape Verde

1.00 Cape Verdean escudos = 0.0098 US dollars

(Date: 05/21/2024)

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Exchange rate history 10 CVE in USD

The graph shown here shows the exchange rate development from January 2018 to March 2024. The exchange rate for 10 CVE moved during this time from USD 0.11 to USD 0.10. In these 74 months it fell by 11.7 percent.

› Inflation development in Cape Verde

Currency reserves for the Cape Verdean escudo

According 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 74.36 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 6.12 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

Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.

Currency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.

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