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 CVE0.5681601545 PHP
2 CVE1.13632030899 PHP
3 CVE1.70448046349 PHP
4 CVE2.27264061799 PHP
5 CVE2.84080077248 PHP
6 CVE3.40896092698 PHP
7 CVE3.97712108148 PHP
8 CVE4.54528123597 PHP
9 CVE5.11344139047 PHP
10 CVE5.68160154497 PHP
100 CVE56.81601544968 PHP
200 CVE113.63203089936 PHP
300 CVE170.44804634903 PHP
400 CVE227.26406179871 PHP
500 CVE284.08007724839 PHP
600 CVE340.89609269807 PHP
700 CVE397.71210814775 PHP
800 CVE454.52812359742 PHP
900 CVE511.3441390471 PHP
1 000 CVE568.16015449678 PHP
2 000 CVE1 136.32030899356 PHP
5 000 CVE2 840.80077248389 PHP
10 000 CVE5 681.60154496779 PHP
20 000 CVE11 363.20308993558 PHP
50 000 CVE28 408.00772483894 PHP
100 000 CVE56 816.01544967789 PHP
Last updated May 23, 2025 at 02:55 PM