📈 Portugal to Cape Verde Money Transfer Snapshot Today
- Best EUR to CVE exchange rate today: CVE 110.2650, offered by Western Union
- Number of money transfer providers compared: 5
- Exchange rate range: CVE 110.2650 to CVE 107.8943
- Potential savings on EUR 1000: CVE 2,370.70
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to CVE exchange rate before providers add their margin or fees. exchange rate: 1 EUR = CVE 110.2697 (Updated about an hour ago)
See detailed Portugal to Cape Verde money transfer comparison below.
Portugal to Cape Verde money transfer providers that matched the search criteria
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What these rates mean for sending money to Cape Verde from Portugal today
Compare top-rated money transfer providers to find the best way to remit money to Cape Verde from Portugal. Check today's EUR to CVE exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 5 providers for Portugal to Cape Verde money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Cape Verde from Portugal
🥇 Western Union with 1 EUR = 110.2650 CVE (best EUR to CVE exchange rate today).
🥈 XE Money Transfer offering 1 EUR = 109.2186 CVE.
The 5 providers compared today offer exchange rates from CVE 107.8943 to CVE 110.2650. On a EUR 1000 transfer from Portugal to Cape Verde, that spread means up to CVE 2,370.70 in potential savings — simply by choosing the right provider.
Euro to Cape Verde Escudo exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much CVE your recipient receives in Cape Verde.
Compare the providers above to maximize every EUR you send to Cape Verde. The best Euro to Cape Verde Escudo transfer rate changes daily, so comparing today matters.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Portugal.
👇 There is more to a great transfer than today's EUR to CVE exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Cape Verde from Portugal.
Whilst Euro to Cape Verde Escudo exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of Portugal to Cape Verde remittance data to show you exactly where costs arise, and the best practices that maximize your CVE payout on every transfer.
Cost insights to remit money from Portugal to Cape Verde (data-backed)
When you send money internationally from Portugal to Cape Verde, the following 4 key factors determine how much your recipient actually receives:
- EUR to CVE exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Cape Verde the maximum CVE payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from Portugal to Cape Verde urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for EUR to CVE money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 130 actual Portugal to Cape Verde money transfers handled by 4 providers over the last 5 years (for a EUR 140 remittance benchmark).
This analysis of real Euro to Cape Verde Escudo transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Euro you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from Portugal to Cape Verde
- Average total cost: 6.36% (range 0.45% to 14.29%, spread 13.84 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 19.38.
- Average FX markup: 0.42% (range 0.00% to 2.15%, spread 2.15 percentage points)
- Average transfer fee: EUR 8.32 (range EUR 0.00 to EUR 20.00)
- Cheapest payment/delivery method combo: Credit Card → Cash Pickup (3.47% avg cost); most expensive is Cash → Bank Deposit (14.29%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 10.82% (EUR 15.15 on EUR 140 transfer).
- Market coverage: ~4 providers on average (competition level: limited)
- Average speed: About 8 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Cape Verde from Portugal.
📈 EUR to CVE Exchange Rate: The biggest factor when you send Euro to Cape Verde Escudo
The exchange rate on your Portugal to Cape Verde money transfer is the single biggest factor determining your overall EUR cost — and how many Cape Verde Escudo your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Euro to Cape Verde transfers:
- Average markup: 0.42%
- Median markup: 0.45%
- Lowest markup: 0.00%
- Highest markup: 2.15%
That is a spread of 2.15 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a EUR 140 transfer, that spread is CVE 3.01 in differences purely from the exchange rate. On a EUR 345 transfer, that gap grows to CVE 7.42.
🛠️ How to use this insight: When comparing providers for Portugal to Cape Verde remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The EUR to CVE exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from Portugal to Cape Verde
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Euro actually reaches your recipient in Cape Verde.
Based on 5 years of pricing data, here is what we see on Euro to Cape Verde money transfer fees:
- Average fee: EUR 8.32
- Median fee: EUR 6.90
- Lowest fee: EUR 0.00
- Highest fee: EUR 20.00
The average fee of EUR 8.32 represents 5.94% of a EUR 140 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to EUR 20.00.
🛠️ How to use this insight: For your next money transfer from Portugal to Cape Verde Escudo, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower EUR to CVE exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a EUR 200 transfer, a EUR 5 fee is 2.5% of your total amount. On a EUR 2,000 transfer, that same fee is just 0.25%. If you send smaller Euro to Cape Verde Escudo transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your EUR to CVE transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Cape Verde from Portugal
Based on our analysis of historical Portugal to Cape Verde remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Euro to Cape Verde Escudo exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Cape Verde from Portugal:
- Credit Card: 4.68%
- Debit Card: 4.68%
- Cash: 7.26%
- Bank Account Transfer: 11.72%
That is a spread of 7.05 percentage points.
👉 On a EUR 140 transfer, this means you could save up to EUR 9.86 simply by choosing a lower-cost payment method.
These savings increase further for larger EUR transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from Portugal to Cape Verde:
- Cash Pickup: 4.74%
- Bank Deposit: 12.52%
This is a difference of 7.78 percentage points.
👉 On a EUR 140 transfer, you could save up to EUR 10.89 by choosing Cash Pickup instead of Bank Deposit.
Different combinations of payment methods in Portugal and delivery methods in Cape Verde can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for Portugal to CVE money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Cash Pickup | 3.47 |
| Debit Card | Cash Pickup | 3.47 |
| Bank Account Transfer | Cash Pickup | 4.54 |
| Cash | Cash Pickup | 6.61 |
| Credit Card | Bank Deposit | 9.52 |
| Debit Card | Bank Deposit | 9.52 |
| Bank Account Transfer | Bank Deposit | 12.52 |
| Cash | Bank Deposit | 14.29 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these EUR to CVE payment and delivery options is significant.
- Lowest cost: Credit Card → Cash Pickup (3.47%)
- Highest cost: Cash → Bank Deposit (14.29%)
- Difference: 10.82 percentage points
👉 On a EUR 140 transfer, you could save up to EUR 20.01
👉 On a EUR 345 transfer, savings increase to EUR 49.30
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Cape Verde money transfers.
💸 Cheapest Payment & Delivery Methods to send EUR to CVE transfers (data-backed)
- Cheapest payment method: Credit Card (4.68%) vs Bank Account Transfer (11.72%)
- Cheapest delivery method: Cash Pickup (4.74%) vs Bank Deposit (12.52%)
- Cheapest combination: Credit Card → Cash Pickup (3.47%) vs Cash → Bank Deposit (14.29%)
🛠️ How to use this insight: As you compare money transfer providers for your next Portugal to Cape Verde international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Portugal to Cape Verde remittances by carefully choosing the cheapest payment and delivery methods.
📊 Does sending more money reduce the cost to remit money from Portugal to Cape Verde?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Portugal to Cape Verde.
We found that sending a higher amount (EUR 345) is typically cheaper — average cost drops from 6.36% to 3.43%, a reduction of 2.93 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Cape Verde, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Cape Verde from Portugal?
Based on data from the last 5 years, Euro to Cape Verde Escudo money transfers are provided on an average by 4 remittance companies. With this number of providers, we consider the level of market competition to be limited.
Today, you can compare 5 providers on RemitFinder for Euro to Cape Verde Escudo transfers — more than the historical average. This gives you a wider choice of pricing options as well as payment and delivery methods.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Portugal to Cape Verde remittances.
This is why comparing providers is especially important when you transfer money from Portugal to Cape Verde.
⏱️ How fast can you transfer Euro to Cape Verde Escudo?
If your recipient in Cape Verde needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for Portugal to Cape Verde transfers:
- Average transfer time: About 8 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 48 hours (~2.0 days).
- Average speed at EUR 140: About 8 hours.
- Average speed at EUR 345: About 8 hours.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer EUR to Cape Verde.
🛠️ How to use this insight: If you need to send money from Portugal to Cape Verde in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Cape Verde.
Transfer speed for Portugal to Cape Verde money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Cape Verde from Portugal
These FAQs use data from RemitFinder's historical analysis of Portugal to Cape Verde money transfers over several years.
What factors affect the total cost of sending money from Portugal to Cape Verde?
The total cost of your Euro to Cape Verde Escudo money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Cape Verde from Portugal?
Historical Euro to Cape Verde Escudo exchange rate markup ranges from 0.00% to 2.15%, a spread of 2.15 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Exchange Rate vs Transfer Fee: What matters more when you send money to Cape Verde from Portugal?
Exchange rate markup ranges from 0.00% to 2.15% (a spread of 2.15 percentage points).
Transfer fees range from EUR 0.00 to EUR 20.00, which equals roughly 14.29% on a EUR 140.00 transfer.
At both EUR 140.00 and EUR 345.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Portugal to Cape Verde money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most CVE for your EUR.
How much can costs vary between providers when sending money from Portugal to Cape Verde?
Historical transfer cost ranges from 0.45% to 14.29% for EUR transfers to Cape Verde. That is a spread of 13.84 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from 0.00% to 2.15% (a spread of 2.15 percentage points). Thus, even small differences in FX margin can have a big impact on the final CVE payout.
Why do Money Transfer Providers charge different rates for Euro to Cape Verde Escudo money transfers?
If you send the same Euro amount to Cape Verde via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final CVE payout in Cape Verde in a big way.
How stable are the costs to remit money to Cape Verde from Portugal?
When we analyzed the historical total cost for EUR to CVE transfers, we observed a range from 0.45% to 14.29% (13.84 percentage points difference), along with a variability (standard deviation) of 3.74%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from 0.00% to 2.15% (2.15 percentage points difference), with a standard deviation of 0.35%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Euro to Cape Verde Escudo transfers.
Which Payment Method is the cheapest to send money from Portugal to Cape Verde?
Credit Card is the cheapest payment method in Portugal based on its average cost at 4.68% (compared to Bank Account Transfer at 11.72%, a difference of 7.05 percentage points).
Based on this, we recommend paying for your EUR transfer with Credit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Cape Verde from Portugal?
Credit Card is cheaper on average when sending money to Cape Verde from Portugal since it costs 4.68% (compared to 4.68% for Credit Card payments, a difference of 0.00 percentage points).
As a result, we recommend that you avoid paying for your transfer to Cape Verde with a Credit Card.
Which Delivery Method is cheapest when you remit money to Cape Verde from Portugal?
Cash Pickup is the cheapest delivery method in Cape Verde as it costs 4.74% (compared to Bank Deposit at 12.52%, a spread of 7.78 percentage points).
If your recipient in Cape Verde can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Euro to Cape Verde Escudo transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Cape Verde from Portugal?
Cash Pickup is cheaper for Euro transfers to Cape Verde given its 12.52% average cost (versus 4.74% for Cash Pickup, a difference of 7.78 percentage points).
To save more, consider choosing the cheapest delivery option for Cape Verde.
What is the cheapest way to send money from Portugal to Cape Verde?
We evaluated 8 payment and delivery method combinations for Portugal to Cape Verde remittances.
Based on historical data, Credit Card → Cash Pickup is the cheapest combination with 3.47% cost.
At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 14.29% cost. That is a difference of 10.82 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Portugal to Cape Verde remittances differently. As you compare options, look for the cheapest combination to maximize the value of your EUR to CVE transfers.
Does sending more money reduce the cost to transfer money to Cape Verde from Portugal?
Larger Euro to Cape Verde Escudo transfers are cheaper on average.
The cost of a EUR 140 transfer averages 6.36% as compared to 3.43% for a EUR 345 transfer, a difference of 2.93 percentage points.
How long does it take to send EUR to CVE money transfers?
Based on our analysis, the average transfer time for Euro to Cape Verde Escudo transfers is 8 hours, with the fastest transfers completing in less than one hour and the slowest in 48 hours (~2.0 days).
Can you instantly transfer money from Portugal to Cape Verde?
Yes, historical data shows that some transfers to Cape Verde from Portugal can complete in less than one hour.
Note that the actual speed of your EUR to CVE transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the market for sending money from Portugal to Cape Verde?
Based on historical data, the competition level in Portugal to Cape Verde is considered limited with 4 active providers.
Can you overpay if you do not compare providers before transferring money to Cape Verde from Portugal?
Historically, total EUR to CVE transfer cost has varied by 13.84 percentage points. On a EUR 140 transfer, that can translate to EUR 19.38 in savings.
Euro to Cape Verde Escudo exchange rate markup also varies across providers. The average markup spread has been about 2.15 percentage points. On a EUR 140 transfer, that could be EUR 3.01 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 20.00 across providers.
That is why comparing providers can materially change how much of the EUR you send your recipient receives in Cape Verde.
Latest Exchange Rates for Sending Money to Cape Verde from Portugal
Here are some latest EUR to CVE (Euro to Cape Verde Escudo) exchange rates for popular conversion amounts*.
| 1 EUR | 110.27 CVE |
| 5 EUR | 551.35 CVE |
| 10 EUR | 1,102.70 CVE |
| 25 EUR | 2,756.74 CVE |
| 50 EUR | 5,513.49 CVE |
| 100 EUR | 11,026.97 CVE |
| 150 EUR | 16,540.46 CVE |
| 200 EUR | 22,053.94 CVE |
| 250 EUR | 27,567.43 CVE |
| 300 EUR | 33,080.91 CVE |
| 400 EUR | 44,107.88 CVE |
| 500 EUR | 55,134.85 CVE |
| 600 EUR | 66,161.82 CVE |
| 700 EUR | 77,188.79 CVE |
| 800 EUR | 88,215.76 CVE |
| 1000 EUR | 110,269.70 CVE |
| 1500 EUR | 165,404.55 CVE |
| 2000 EUR | 220,539.40 CVE |
| 2500 EUR | 275,674.25 CVE |
| 3000 EUR | 330,809.10 CVE |
| 4000 EUR | 441,078.80 CVE |
| 5000 EUR | 551,348.50 CVE |
| 10000 EUR | 1,102,697.00 CVE |
| 15000 EUR | 1,654,045.50 CVE |
| 20000 EUR | 2,205,394.00 CVE |
| 30000 EUR | 3,308,091.00 CVE |
| 40000 EUR | 4,410,788.00 CVE |
| 50000 EUR | 5,513,485.00 CVE |
| 100000 EUR | 11,026,970.00 CVE |
*Based on the Mid-market Exchange Rate
1 Based on 130 pricing observations across 4 firms over the last 5 years for a EUR 140 money transfer from Portugal to Cape Verde. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Portugal to Cape Verde remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.