Converting from Cape Verde Escudo (CVE) to São Tomé and Príncipe Dobra (STN)

What is Cape Verde Escudo (CVE)

The Cape Verde Escudo, abbreviated as CVE, is the official currency of Cape Verde, an island nation located in the central Atlantic Ocean. The currency was introduced in 1914, replacing the Portuguese escudo, and it has continued to be the legal tender in the country. The CVE is subdivided into 100 centavos.

One of the interesting aspects of the Cape Verde Escudo is its pegged exchange rate. It is linked to the euro, which means that fluctuations in the euro’s value also influence the CVE. As of my latest training data, the exchange rate is approximately 1 CVE = €0.009. This setup provides some stability for the economy, especially given the reliance on tourism and international trade in Cape Verde.

CVE comes in both coins and banknotes. Coins are available in denominations of 1, 5, 10, 20, and 50 centavos, as well as 1, 2, 5, and 10 escudos. Banknotes are issued in denominations of 200, 500, 1000, 2000, and 5000 escudos. The design of the currency often reflects the culture and heritage of Cape Verde, featuring prominent figures in the nation's history.

What is São Tomé and Príncipe Dobra (STN)

The São Tomé and Príncipe dobra, represented as STN, is the official currency used in the island nation of São Tomé and Príncipe, located near the equator in the Gulf of Guinea. The dobra has undergone several changes since it was first introduced in 1977, replacing the Portuguese escudo in this country as well.

The currency is subdivided into 100 cêntimos and has a vibrant design that depicts various aspects of the islands’ culture and flora. Since its introduction, the STN has witnessed fluctuations in its value, making it essential for travelers and businesses to stay informed about current exchange rates.

The Dobra is also pegged, but against the euro, which stabilizes the currency for international transactions. As per the latest data, the approximate exchange rate is around 1 STN = €0.004. This could change, so it’s always wise for individuals or businesses dealing in STN to check the latest rates.

In terms of physical currency, STN includes coins and banknotes. Coins are available in denominations of 1, 5, 10, 50 cêntimos, as well as 1, 2, 5 dobres. The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 dobres. Similar to the CVE, the STN notes often honor national heroes and the rich biodiversity found within the nation's lush landscapes.

Currency Conversion

When converting CVE to STN, it is important to refer to the most recent exchange rates. As currencies fluctuate regularly, using a currency converter or checking with financial institutions can help ensure accurate conversions. The formula can be expressed as:

STN = CVE × Exchange Rate

Understanding the currencies of Cape Verde and São Tomé and Príncipe is valuable for travelers or businesses conducting activities in these beautiful island nations.