MYR to CVE Exchange Rate - Convert Malaysian Ringgit to Cape Verde Escudo

Converting from Malaysian Ringgit (MYR) to Cape Verde Escudo (CVE)

What is Malaysian Ringgit (MYR)

The Malaysian Ringgit (MYR) is the official currency of Malaysia, a Southeast Asian nation known for its diverse culture and economic growth. The Ringgit is subdivided into 100 sen. The currency code "MYR" is derived from the Malay word "ringgit," which means "jagged," referencing the serrated edges of silver Spanish dollar coins that were once used in the region.

The Ringgit has undergone significant changes over the years due to economic fluctuations and shifts in governance. It was pegged to the US dollar from 1998 to 2005, which helped stabilize it during the Asian financial crisis. This peg was lifted in 2005, allowing the MYR to float freely in the foreign exchange market.

Malaysian Ringgit banknotes come in various denominations: RM1, RM5, RM10, RM20, RM50, and RM100. Coins, on the other hand, include 1 sen, 5 sen, 10 sen, 20 sen, 50 sen, and RM1. The Malaysian government, through Bank Negara Malaysia, issues and regulates the currency's supply, ensuring its stability and overall legitimacy in transactions.

What is Cape Verde Escudo (CVE)

The Cape Verde Escudo (CVE) is the currency of Cape Verde, an island country located in the central Atlantic Ocean. The Escudo has been the official currency since 1930, initially pegged to the Portuguese Escudo until Cape Verde gained its independence in 1975. The currency code "CVE" is a representation of this unit.

Similar to the Malaysian Ringgit, the Cape Verde Escudo is also subdivided into 100 centavos. However, the Escudo is less widely recognized compared to other currencies, limited primarily to transactions within Cape Verde and a few regional partners.

Banknotes for the Cape Verde Escudo come in denominations of 200, 500, 1000, 2000, 5000, and 10,000 escudos. The coins exist in denominations of 1, 5, 10, 20, 50, and 100 escudos, allowing for a variety of monetary transactions accessible to everyday people.

When converting from MYR to CVE, it is essential to check the current exchange rates, as these rates fluctuate based on several economic factors such as inflation, interest rates, and market demand. To get a rough idea of conversion, the exchange rate can be expressed using the formula:

Amount in CVE = Amount in MYR × Exchange Rate (MYR to CVE)

Understanding these currencies will help you navigate financial transactions when traveling or engaging in trade between Malaysia and Cape Verde. Both currencies illustrate the unique economic landscapes of their respective countries while playing crucial roles in their local economies.

Malaysian Ringgit to Cape Verde Escudo conversion table

MYR to CVE conversion table

Malaysian Ringgit (MYR)Cape Verde Escudo (CVE)
1 MYR22.94004151495 CVE
2 MYR45.88008302989 CVE
3 MYR68.82012454484 CVE
4 MYR91.76016605979 CVE
5 MYR114.70020757473 CVE
6 MYR137.64024908968 CVE
7 MYR160.58029060463 CVE
8 MYR183.52033211957 CVE
9 MYR206.46037363452 CVE
10 MYR229.40041514947 CVE
100 MYR2 294.00415149466 CVE
200 MYR4 588.00830298931 CVE
300 MYR6 882.01245448397 CVE
400 MYR9 176.01660597863 CVE
500 MYR11 470.02075747328 CVE
600 MYR13 764.02490896794 CVE
700 MYR16 058.02906046259 CVE
800 MYR18 352.03321195725 CVE
900 MYR20 646.03736345191 CVE
1 000 MYR22 940.04151494656 CVE
2 000 MYR45 880.08302989313 CVE
5 000 MYR114 700.20757473282 CVE
10 000 MYR229 400.41514946564 CVE
20 000 MYR458 800.83029893128 CVE
50 000 MYR1 147 002.07574732821 CVE
100 000 MYR2 294 004.15149465642 CVE
Last updated April 2, 2025 at 11:59 PM