Currency Exchange for Cape Verde

RM Development Services Ltd. has teamed up with a low cost currency exchange provider. If you are interested in this service, to either

·         reduce your cost of purchase in Cape Verde or,

·         to pre-book deals for future currency purchases to avoid exchange rate risk

Please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 
The Cape Verdean Escudo

The escudo is the currency of Cape Verde, a former Portuguese colony. Its ISO 4217 code is CVE. Amounts are generally written by using $ as the decimal separator, such as 20$00 for 20 escudos, or 1.000$00 for 1000.

Until independence in 1975, the Cape Verde escudo was equal to the Portuguese escudo. Subsequently it depreciated, declining by about 30 per cent in 1977-8 and by a further 40 per cent in 1982-84. Thereafter, it remained fairly stable against the escudo.

In mid-1998 an agreement with Portugal established a pegged rate of 1 Portuguese escudo = 0.55 Cape Verdean escudo. Since the replacement of the Portuguese escudo with the euro, the Cape Verde escudo has been pegged to the euro at a rate of 1 euro = 110.265 escudos. This peg is supported by a credit facility from the Portuguese government.