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 CVE0.56199040911 PHP
2 CVE1.12398081821 PHP
3 CVE1.68597122732 PHP
4 CVE2.24796163642 PHP
5 CVE2.80995204553 PHP
6 CVE3.37194245463 PHP
7 CVE3.93393286374 PHP
8 CVE4.49592327284 PHP
9 CVE5.05791368195 PHP
10 CVE5.61990409105 PHP
100 CVE56.19904091053 PHP
200 CVE112.39808182105 PHP
300 CVE168.59712273158 PHP
400 CVE224.79616364211 PHP
500 CVE280.99520455264 PHP
600 CVE337.19424546316 PHP
700 CVE393.39328637369 PHP
800 CVE449.59232728422 PHP
900 CVE505.79136819474 PHP
1 000 CVE561.99040910527 PHP
2 000 CVE1 123.98081821054 PHP
5 000 CVE2 809.95204552636 PHP
10 000 CVE5 619.90409105272 PHP
20 000 CVE11 239.80818210544 PHP
50 000 CVE28 099.52045526359 PHP
100 000 CVE56 199.04091052718 PHP
Last updated March 28, 2025 at 11:55 PM