🇨🇻 CVE to 🇪🇺 EUR — Cape Verdean Escudo (Esc) to Euro Rate Today
Live indicative interbank rate. Last refreshed 25 Jun 2026 00:00:05 UTC.
Convert Cape Verdean Escudo to Euro using the live indicative interbank rate and the converter below. Covers the cost of sending to Eurozone via the major mobile money apps.
Is the cape verdean escudo pegged?
Yes. The Cape Verdean escudo is pegged to the euro at about 110.265 CVE per €1, an arrangement in place since 1998 and backed by Portugal. Because the rate is fixed, there is no euro/escudo exchange-rate risk — only the conversion or transfer fee matters.
Because the rate is fixed, only the transfer cost varies. Compare sending fees →
Currency converter
CVE → EUR conversion table
| CVE | EUR |
|---|---|
| 1 | 0.01 |
| 5 | 0.05 |
| 10 | 0.09 |
| 20 | 0.18 |
| 50 | 0.45 |
| 100 | 0.91 |
| 200 | 1.81 |
| 500 | 4.53 |
| 1,000 | 9.07 |
| 2,000 | 18.14 |
| 5,000 | 45.34 |
| 10,000 | 90.69 |
Table computed at the indicative rate of 1 CVE = 0.009069 EUR. Real operator-side values include a 1%-4% spread.
Cape Verdean Escudo to Euro exchange rate history
What moves the Cape Verdean Escudo rate
The Cape Verdean escudo draws its foreign currency from tourism and diaspora remittances, its two main sources. Because the currency is pegged to the euro, its rate against the dollar does not depend on the island economy itself but mechanically tracks EUR/USD. In other words, for a dollar holder it is mainly the euro's movement that determines the escudo's value. To anticipate the rate against the dollar, one must therefore watch how the euro moves on world markets, while the health of tourism and the steadiness of remittances support the reserves needed to maintain this anchor. The peg makes the euro the real driver against the dollar.
Converting and sending the Cape Verdean Escudo: what to know
The escudo is pegged to the euro under a Portugal-backed arrangement, which makes it stable and predictable against the euro with very little euro/escudo exchange-rate risk. For senders and receivers working from euros, that translates into clean, dependable conversion at a value closely tied to the eurozone. Because the link is to the euro rather than the dollar, a dollar-based transfer carries whatever movement EUR/USD brings, so converting via euros is the most transparent route. Overall, this is a steady, well-anchored currency that behaves predictably for ordinary cross-border use tied to Europe.
About the Cape Verdean Escudo
Cape Verde's escudo, issued by the Banco de Cabo Verde, has been pegged to the euro at roughly 110.265 escudos per euro since 1998 under an arrangement backed by Portugal, the islands' former colonial power. It subdivides into 100 centavos and benefits from the credibility that the euro link and Portuguese support provide. The archipelago, lying off West Africa, runs largely on tourism and on remittances sent home by a Cape Verdean diaspora spread across Europe and the Americas. The euro peg shelters the escudo from sharp swings and reinforces the country's close financial ties to the eurozone.
About the Euro
The Euro (EUR, €) is the official currency of 20 European Union member states and the anchor of one of the most consequential fixed-peg arrangements in African monetary history. The Euro is issued by the European Central Bank in Frankfurt and is the second-largest reserve currency after the USD. Two African monetary unions — the West African Economic and Monetary Union (UEMOA / XOF) and the Central African Economic and Monetary Community (CEMAC / XAF) — peg their CFA francs to the EUR at the fixed rate of 655.957 CFA = 1 EUR. The peg has been in continuous operation since the 1999 introduction of the Euro, and replaced the prior French franc peg. For diaspora remitters in France, Belgium, Italy, Spain, Portugal and Germany, the EUR is the dominant send currency for the WAEMU and CEMAC routes.
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FAQ
What is the CVE/EUR exchange rate today?
How much is 100 CVE in EUR?
What's the best way to send Cape Verdean Escudo to Eurozone?
Is the Euro a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Eurozone, see the inbound transfer comparison.