NZD to CVE Exchange Rate - Convert New Zealand Dollar to Cape Verde Escudo

Converting from New Zealand Dollar (NZD) to Cape Verde Escudo (CVE)

What is New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand, and it is also used in the Cook Islands, Niue, and Tokelau. The NZD was introduced in 1967, replacing the New Zealand pound at a rate of two dollars per pound. The currency symbol for the New Zealand Dollar is sometimes represented as "$" or "NZ$" to distinguish it from other dollar-denominated currencies.

The NZD is subdivided into 100 cents. Coins are available in denominations of 10, 20, and 50 cents, as well as one and two dollars. Banknotes come in denominations of 5, 10, 20, 50, and 100 dollars. The design of the New Zealand currency features notable historical figures and symbols that represent New Zealand’s culture and heritage.

The NZD is known for its stability and is considered a safe haven currency by many investors. New Zealand's economy is largely based on agriculture, tourism, and services, contributing to the influence of the NZD on the global stage. Exchange rates for the New Zealand Dollar can fluctuate based on various factors, including economic indicators, interest rates, and geopolitical events.

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 CVE was introduced in 1930, replacing the Portuguese escudo at a rate of 1:1. The currency symbol for the Cape Verde Escudo is often abbreviated as "Esc" and is typically written with the following notation: CVE.

Like the New Zealand Dollar, the Cape Verde Escudo is also subdivided into 100 centavos. The coins are available in various denominations, including 1, 5, 10, 20, 50 escudos, along with higher denominations in banknotes such as 100, 200, 500, and 1000 escudos.

The CVE is influenced by the country's economy, which relies heavily on tourism, agriculture, and fishing. Due to the limited resources of Cape Verde, the CVE has historically been pegged to the euro, providing some level of stability for the currency.

When converting New Zealand Dollars to Cape Verde Escudo, it is essential to consider the current exchange rate, which varies based on financial markets. Generally, the conversion can be expressed mathematically as:

CVE = NZD × Exchange Rate

In conclusion, understanding the differences between currencies such as the New Zealand Dollar and the Cape Verde Escudo is crucial for effective financial planning and international trade. Whether you're traveling or conducting business, knowing how to convert between these two currencies will help ensure a smoother transaction experience.

New Zealand Dollar to Cape Verde Escudo conversion table

NZD to CVE conversion table

New Zealand Dollar (NZD)Cape Verde Escudo (CVE)
1 NZD58.53243832844 CVE
2 NZD117.06487665688 CVE
3 NZD175.59731498533 CVE
4 NZD234.12975331377 CVE
5 NZD292.66219164221 CVE
6 NZD351.19462997065 CVE
7 NZD409.7270682991 CVE
8 NZD468.25950662754 CVE
9 NZD526.79194495598 CVE
10 NZD585.32438328442 CVE
100 NZD5 853.24383284424 CVE
200 NZD11 706.48766568849 CVE
300 NZD17 559.73149853273 CVE
400 NZD23 412.97533137698 CVE
500 NZD29 266.21916422122 CVE
600 NZD35 119.46299706547 CVE
700 NZD40 972.70682990971 CVE
800 NZD46 825.95066275396 CVE
900 NZD52 679.1944955982 CVE
1 000 NZD58 532.43832844245 CVE
2 000 NZD117 064.8766568849 CVE
5 000 NZD292 662.19164221225 CVE
10 000 NZD585 324.3832844245 CVE
20 000 NZD1 170 648.766568849 CVE
50 000 NZD2 926 621.91642212249 CVE
100 000 NZD5 853 243.83284424498 CVE
Last updated March 17, 2025 at 09:55 PM