CVE to PHP Exchange Rate - Convert Cape Verde Escudo to Philippine Peso

Converting from Cape Verde Escudo (CVE) to Philippine Peso (PHP)

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 symbol for the escudo is often represented as ＄. The escudo is subdivided into 100 centavos.

Introduced in 1886, the CVE has undergone various changes throughout its history, particularly to maintain stability against major currencies such as the Euro and the US Dollar. Cape Verde has a small but growing economy primarily based on tourism, agriculture, and remittances from its citizens living abroad. Over the years, the CVE has been pegged to these stronger currencies, providing some stability to its exchange rate.

When converting from CVE to other currencies, factors such as inflation, interest rates, and changes in the economic landscape can significantly influence exchange rates. The Cape Verdean economy has seen growth in tourism, which can lead to fluctuations in currency value as demand for the escudo changes with visitor numbers.

What is Philippine Peso (PHP)

The Philippine Peso (PHP) is the official currency of the Philippines. The currency symbol for the peso is ₱, and it is further subdivided into 100 centavos. The peso has a long history, dating back to the Spanish colonial period when it was used throughout the Philippines and other territories.

In modern times, the peso has faced challenges such as fluctuations due to inflation, economic growth, and global market trends. The Philippine monetary system is regulated by the Bangko Sentral ng Pilipinas (BSP), which aims to maintain price stability and promote balanced economic growth. The Philippines' economy is diverse, with key sectors including agriculture, industry, mining, and a significant service sector primarily driven by business process outsourcing.

When considering converting CVE to PHP, it's essential to check current exchange rates. Currency rates can fluctuate daily based on market conditions. To convert CVE to PHP, you can use the formula:

PHP = CVE × exchange rate

Where "exchange rate" is the current conversion rate between the two currencies. For instance, if the exchange rate is 0.024, converting 1,000 CVE would result in approximately 24 PHP.

To ensure accuracy in conversions and obtain the best rates, it's a good practice to consult reliable financial platforms or currency converters. Understanding the economic conditions surrounding both currencies will help in making informed decisions.

In summary, whether traveling to Cape Verde or the Philippines, being informed about both the Cape Verde Escudo and the Philippine Peso is essential for managing your finances effectively.

Cape Verde Escudo to Philippine Peso conversion table

CVE to PHP conversion table

Cape Verde Escudo (CVE)Philippine Peso (PHP)
1 CVE0.56021054242 PHP
2 CVE1.12042108484 PHP
3 CVE1.68063162726 PHP
4 CVE2.24084216968 PHP
5 CVE2.8010527121 PHP
6 CVE3.36126325452 PHP
7 CVE3.92147379694 PHP
8 CVE4.48168433936 PHP
9 CVE5.04189488178 PHP
10 CVE5.6021054242 PHP
100 CVE56.02105424204 PHP
200 CVE112.04210848408 PHP
300 CVE168.06316272613 PHP
400 CVE224.08421696817 PHP
500 CVE280.10527121021 PHP
600 CVE336.12632545225 PHP
700 CVE392.14737969429 PHP
800 CVE448.16843393634 PHP
900 CVE504.18948817838 PHP
1 000 CVE560.21054242042 PHP
2 000 CVE1 120.42108484084 PHP
5 000 CVE2 801.0527121021 PHP
10 000 CVE5 602.10542420419 PHP
20 000 CVE11 204.21084840839 PHP
50 000 CVE28 010.52712102097 PHP
100 000 CVE56 021.05424204194 PHP
Last updated April 1, 2025 at 03:55 PM