CVE to KYD Exchange Rate - Convert Cape Verde Escudo to Cayman Islands Dollar

Converting from Cape Verde Escudo (CVE) to Cayman Islands Dollar (KYD)

What is Cape Verde Escudo (CVE)

The Cape Verde Escudo (CVE) is the official currency of Cape Verde, an island nation located off the northwest coast of Africa. The currency has been in use since 1930 and was originally pegged to the Portuguese Escudo. The Central Bank of Cape Verde oversees the issuance and regulation of the escudo, ensuring its stability and availability for international transactions.

The CVE is divided into 100 centavos. Although available in both coins and banknotes, most daily transactions are conducted in banknotes. The currency's symbols are often represented as "CVE" or "Esc." As a developing country, the economic landscape of Cape Verde is heavily influenced by tourism and remittances from abroad, which can lead to fluctuations in the value of the escudo against major currencies.

When it comes to conversion, the exchange rate between the CVE and other currencies can vary frequently due to market conditions. Therefore, it’s essential to check the current conversion rates to understand how much one can receive when exchanging CVE for other currencies, including the Cayman Islands Dollar (KYD).

What is Cayman Islands Dollar (KYD)

The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory located in the Caribbean Sea. The KYD was introduced in 1972 to replace the Jamaican dollar, which was previously used in the territory. The Cayman Islands Monetary Authority (CIMA) is responsible for managing the currency and ensuring its stability.

The KYD is divided into 100 cents, and it’s commonly abbreviated as “CI$” to indicate that it is from the Cayman Islands. The currency is well-regarded for its stability, primarily due to the country's thriving financial sector, tourism industry, and status as an international banking center. Banknotes and coins are available in various denominations, with coins being less commonly used in everyday transactions.

The Cayman Islands Dollar is pegged to the US Dollar (USD), with a fixed exchange rate of approximately 1 KYD to 1.20 USD. This stable relationship helps facilitate ease in conducting transactions both locally and internationally.

Converting CVE to KYD

To convert Cape Verde Escudo to Cayman Islands Dollar, it’s crucial to check the latest conversion rates. Because both currencies are influenced by their respective economies, variances in exchange rates will affect how much one can get in return for a specific amount of CVE.

For example, if 1 CVE equals approximately 0.0095 KYD, then to determine how much you receive for a specific amount of CVE, you would multiply the amount by $0.0095$. Thus, if you exchanged 1,000 CVE, you would receive approximately $9.50 KYD.

In conclusion, understanding each currency's origins and current exchange rates will help you navigate the process of converting between Cape Verde Escudo and Cayman Islands Dollar. Always check reliable financial resources or currency converters for the most accurate and up-to-date information.

Cape Verde Escudo to Cayman Islands Dollar conversion table

CVE to KYD conversion table

Cape Verde Escudo (CVE)Cayman Islands Dollar (KYD)
1 CVE0.00851707933 KYD
2 CVE0.01703415866 KYD
3 CVE0.02555123799 KYD
4 CVE0.03406831732 KYD
5 CVE0.04258539665 KYD
6 CVE0.05110247598 KYD
7 CVE0.05961955531 KYD
8 CVE0.06813663464 KYD
9 CVE0.07665371397 KYD
10 CVE0.0851707933 KYD
100 CVE0.85170793304 KYD
200 CVE1.70341586607 KYD
300 CVE2.55512379911 KYD
400 CVE3.40683173214 KYD
500 CVE4.25853966518 KYD
600 CVE5.11024759822 KYD
700 CVE5.96195553125 KYD
800 CVE6.81366346429 KYD
900 CVE7.66537139732 KYD
1 000 CVE8.51707933036 KYD
2 000 CVE17.03415866072 KYD
5 000 CVE42.58539665179 KYD
10 000 CVE85.17079330359 KYD
20 000 CVE170.34158660717 KYD
50 000 CVE425.85396651793 KYD
100 000 CVE851.70793303586 KYD
Last updated May 23, 2025 at 02:55 PM