Compare today's USD to CVE (US Dollar to Cape Verde Escudo) exchange rates
📈 USA to Cape Verde Money Transfer Snapshot Today
- Best USD to CVE exchange rate today: CVE 94.7999, offered by MoneyGram
- Number of money transfer providers compared: 6
- Exchange rate range: CVE 92.9705 to CVE 94.7999
- Potential savings on USD 1000: CVE 1,829.40
- Number of deals and promo codes: 3
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to CVE exchange rate before providers add their margin or fees. exchange rate: 1 USD = CVE 94.8879 (Updated about an hour ago)
See detailed USA to Cape Verde money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 New! Cash pickup available
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 today's USD-CVE exchange rates mean for you
Compare today's USD-CVE exchange rates and send money from USA to Cape Verde after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 6 providers that you can rely on for USA to Cape Verde money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive USA to Cape Verde Providers
🥇 MoneyGram with 1 USD = 94.7999 CVE (best USD to CVE exchange rate today).
🥈 Western Union offering 1 USD = 93.9311 CVE.
The exchange rate provided by these 6 providers ranges from CVE 92.9705 to CVE 94.7999. For a USD 1000 money transfer from USA to Cape Verde, that could mean up to CVE 1,829.40 saved on FX alone.
USD-CVE exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final CVE payout that your recipient gets in Cape Verde.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your USA to Cape Verde remittances.
🔄 Looking for the reverse corridor? Send money from Cape Verde to USA instead.
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 USA.
👇 We also suggest looking beyond today's USD-CVE exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst USD-CVE exchange rate is crucial, historical data shows that transfer fees, USD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze USA to Cape Verde historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your CVE payout.
Data-driven cost insights for USA to Cape Verde money transfers
When you send money internationally from USA to Cape Verde, the key factors that will influence the overall cost of your transaction are:
- USD-CVE exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum CVE payout for your overseas recipient in Cape Verde.
Another counter-balancing aspect is money transfer speed. If you need to rush money from USA to Cape Verde, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for USA to Cape Verde money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 251 actual USA to Cape Verde money transfers handled by 4 providers over the last 5 years (for a USD 200 remittance benchmark).
This data-driven approach using real USD-CVE transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for USA to Cape Verde money transfers
- Average total cost: 9.58% (range 0.32% to 22.50%, spread 22.18 percentage points)
- Potential payout difference: On a USD 200 transfer, the above variation can save you up to USD 44.36.
- Average FX markup: 3.85% (range 0.00% to 13.95%, spread 13.95 percentage points)
- Average transfer fee: USD 11.46 (range USD 0.00 to USD 45.00)
- Cheapest payment/delivery method combo: Debit Card → Cash Pickup (6.41% avg cost); most expensive is Bank Account Transfer → Bank Deposit (19.68%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 13.26% (USD 26.53 on USD 200 transfer).
- Market coverage: ~4 providers on average (competition level: limited)
- Average speed: About 18 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your USA to Cape Verde money transfers.
📈 USD to CVE exchange rate is often the biggest driver of both cost and payout
The exchange rate on your USA to Cape Verde money transfers is usually the single biggest factor that will determine your overall USD cost and your recipient's CVE payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a USD 200 money transfer benchmark, we see the following FX markup ranges for US Dollar to Cape Verde transfers:
- Average markup: 3.85%
- Median markup: 2.49%
- Lowest markup: 0.00%
- Highest markup: 13.95%
That is a spread of 13.95 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a USD 200 transfer, the above markup range is equivalent to roughly CVE 27.90 purely from differences in the exchange rate. That incremental saving increases to CVE 69.75 for a USD 500 transfer.
🛠️ How to use this insight: When comparing providers for USA 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.
USD to CVE exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total USA to Cape Verde remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your US Dollar reaches your recipient in Cape Verde.
Based on data from last 5 years, we notice the below about US Dollar to Cape Verde money transfer fees:
- Average fee: USD 11.46
- Median fee: USD 8.00
- Lowest fee: USD 0.00
- Highest fee: USD 45.00
The average fee amount of USD 11.46 noted above represents 5.73% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by USD 45.00.
🛠️ How to use this insight: For your next money transfer from USA to Cape Verde Escudo, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for USD-CVE remittances
Based on our detailed analysis of historical USA to Cape Verde data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Cape Verde from USA:
- Debit Card: 6.41%
- Credit Card: 8.96%
- Cash: 9.30%
- Bank Account Transfer: 13.08%
That is a total spread of 6.67 percentage points.
This means that on a USD 200 transfer, you could save up to USD 13.34 simply by choosing the best priced payment method.
These savings will only multiply for higher USD amounts.
Here is the average cost of popular delivery methods used to send money from USA to Cape Verde:
- Cash Pickup: 8.16%
- Bank Deposit: 19.68%
The cost difference between the above delivery methods is 11.52 percentage points.
Once again, this means that you could save up to USD 23.04 on a USD 200 transfer to Cape Verde by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of USA payment methods and Cape Verde delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for USA to CVE money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Cash Pickup | 6.41 |
| Bank Account Transfer | Cash Pickup | 7.56 |
| Credit Card | Cash Pickup | 8.96 |
| Cash | Cash Pickup | 9.30 |
| Bank Account Transfer | Bank Deposit | 19.68 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these USD-CVE payment and delivery options is significant. Here are some observations:
- Debit Card → Cash Pickup has the lowest average cost at 6.41%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 19.68%.
- Debit Card → Cash Pickup average cost is 13.26 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a USD 200 money transfer, you could save up to USD 39.35 simply by choosing the best payment and delivery method combo.
- Further, on a USD 500 money transfer, the savings increase to USD 98.39.
Here is a quick summary of the average historical cost of various payment and delivery methods for USD to Cape Verde money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Debit Card averaged 6.41%, compared to 13.08% for Bank Account Transfer, a difference of 6.67 percentage points.
- Cheapest delivery method: Cash Pickup averaged 8.16%, compared to 19.68% for Bank Deposit (11.52 percentage points higher).
- Cheapest combo: Debit Card → Cash Pickup averaged 6.41%, which is 13.26 percentage points lower than Bank Account Transfer → Bank Deposit (19.68%).
🛠️ How to use this insight: As you compare money transfer providers for your next USA 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 USA to Cape Verde remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for USD-CVE remittances?
When we compared USA banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 1.78 percentage points more on average than money transfer providers for USA to Cape Verde remittances.
This means banks tend to be approximately 1.20x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | USD 18.16 | USD 7.32 | USD 10.85 |
| Exchange rate markup | 1.60% | 5.24% | -3.64 pp* |
| Average total cost (%) | 10.68% | 8.90% | 1.78 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in USA may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in USA, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of USD-CVE money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending USD 200 vs USD 500 from USA to Cape Verde.
We found that sending a higher amount (USD 500) tends to be cheaper - average cost drops from 9.58% to 6.63%, a reduction of 2.95 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 US Dollar 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 USA to Cape Verde remittance market?
Based on data from the last 5 years, USD-CVE money transfers are provided on an average by 4 remittance companies. With around 4 providers serving this market, we consider the level of competition to be limited.
Banks and money transfer providers have had a fairly balanced presence in this corridor: banks account for 50% of providers (2 out of 4).
The good news is that you can currently compare 6 providers on RemitFinder for USD-CVE transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
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 USA to Cape Verde remittances.
⏱️ How fast are USD-CVE money transfers?
If your recipient in Cape Verde needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for USA to Cape Verde transfers when it comes to processing time:
- Average transfer time: About 18 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at USD 200: About 18 hours.
- Average speed at USD 500: About 18 hours.
Banks vs money transfer providers speed comparison: Banks are 3 hours faster on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from USA 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.
USA to Cape Verde transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about USA to Cape Verde money transfers
These FAQs use data from RemitFinder's historical analysis of USA to Cape Verde money transfers over several years.
What factors affect the total cost of sending money from USA to Cape Verde?
The total cost of your USD-CVE 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 USA to Cape Verde transfers?
Historical USD to CVE exchange rate markup ranges from 0.00% to 13.95%, a spread of 13.95 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Is the exchange rate or the transfer fee more important for USA to Cape Verde transfers?
Exchange rate markup ranges from 0.00% to 13.95% (a spread of 13.95 percentage points).
Transfer fees range from USD 0.00 to USD 45.00, which equals roughly 22.50% on a USD 200.00 transfer.
At USD 200.00, the larger driver of overall cost is the transfer fee, whilst at USD 500.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for USA to Cape Verde transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger USD 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 USD.
How much can USA to Cape Verde transfer costs vary between providers?
Historical transfer cost ranges from 0.32% to 22.50% for USD transfers to Cape Verde. That is a spread of 22.18 percentage points, meaning 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 13.95% (a spread of 13.95 percentage points). Thus, even small differences in FX margin can have a big impact on the final CVE payout.
Why do various money transfer providers price USD to Cape Verde transfers differently?
If you send the same US Dollar 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 transfer costs in the USA to Cape Verde corridor?
When we analyzed the historical total cost for USD-CVE transfers, we observed a range from 0.32% to 22.50% (22.18 percentage points difference), along with a variability (standard deviation) of 4.88%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from 0.00% to 13.95% (13.95 percentage points difference), with a standard deviation of 3.09%. 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 USD-CVE transfers.
Which payment method is cheapest for USA to Cape Verde remittances?
Debit Card is the cheapest payment method in USA based on its average cost at 6.41% (compared to Bank Account Transfer at 13.08%, a difference of 6.67 percentage points).
Based on this, we recommend paying for your USD transfer with Debit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for USA to Cape Verde transfers?
Debit Card is cheaper on average when sending money to Cape Verde from USA since it costs 6.41% (compared to 8.96% for Credit Card payments, a difference of 2.55 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 for USD-CVE money transfers?
Cash Pickup is the cheapest delivery method in Cape Verde as it costs 8.16% (compared to Bank Deposit at 19.68%, a spread of 11.52 percentage points).
If your recipient in Cape Verde can accept Cash Pickup, we recommend choosing it as your preferred delivery option for USD-CVE transfers.
Is Bank Deposit cheaper than Cash Pickup for USA to Cape Verde transfers?
Cash Pickup is cheaper for transfers to Cape Verde given its 19.68% average cost (versus 8.16% for Cash Pickup, a difference of 11.52 percentage points).
To save more, consider choosing the cheapest delivery option for Cape Verde.
What is the cheapest way to send money from USA to Cape Verde?
We evaluated 5 payment and delivery method combinations for USA to Cape Verde remittances.
Based on historical data, Debit Card → Cash Pickup is the cheapest combination with 6.41% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 19.68% cost. That is a difference of 13.26 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for USA to Cape Verde remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your USD-CVE transfers.
Does sending more money reduce the cost for USA to Cape Verde transfers?
Larger USD-CVE transfers are cheaper on average.
The cost of a USD 200 transfer averages 9.58% as compared to 6.63% for a USD 500 transfer, a difference of 2.95 percentage points.
How long does it take to send money from USA to Cape Verde?
Based on our analysis, the average transfer time for USD-CVE transfers is 18 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from USA to Cape Verde?
Yes, historical data shows that some transfers to Cape Verde from USA can complete in less than one hour.
Note that the actual speed of your USD-CVE transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for USA to Cape Verde?
Banks in USA are more expensive than money transfer providers.
The average cost of banks is 10.68% compared to 8.90% for money transfer providers in USA, a difference of 1.78 percentage points.
Why do banks charge more for USA to Cape Verde transfers?
Bank transfers in USA cost 10.68% compared to 8.90% for money transfer companies.
The difference is often due to the fact that banks in USA provider lower exchange rates and charge high wire transfer fees.
How competitive is the USA to Cape Verde remittance market?
Based on historical data, the competition level in USA to Cape Verde is considered limited with 4 active providers.
Money transfer providers represent about 50% of identified providers in USA.
Do I risk overpaying if I do not compare providers for USA to Cape Verde?
Historically, total USD-CVE transfer cost has varied by 22.18 percentage points. On a USD 200 transfer, that can translate to USD 44.36 in savings.
USD-CVE exchange rate markup also varies across providers. The average markup spread has been about 13.95 percentage points. On a USD 200 transfer, that could be USD 27.90 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about USD 45.00 across providers.
That is why comparing providers can materially change how much of the USD you send does your recipient receive in Cape Verde in Cape Verde.
Latest USD to CVE Conversion Rates
Here are some latest USD to CVE (US Dollar to Cape Verde Escudo) exchange rates for popular conversion amounts*.
| 1 USD | 94.89 CVE |
| 5 USD | 474.44 CVE |
| 10 USD | 948.88 CVE |
| 25 USD | 2,372.20 CVE |
| 50 USD | 4,744.40 CVE |
| 100 USD | 9,488.79 CVE |
| 150 USD | 14,233.19 CVE |
| 200 USD | 18,977.58 CVE |
| 250 USD | 23,721.98 CVE |
| 300 USD | 28,466.37 CVE |
| 400 USD | 37,955.16 CVE |
| 500 USD | 47,443.95 CVE |
| 600 USD | 56,932.74 CVE |
| 700 USD | 66,421.53 CVE |
| 800 USD | 75,910.32 CVE |
| 1000 USD | 94,887.90 CVE |
| 1500 USD | 142,331.85 CVE |
| 2000 USD | 189,775.80 CVE |
| 2500 USD | 237,219.75 CVE |
| 3000 USD | 284,663.70 CVE |
| 4000 USD | 379,551.60 CVE |
| 5000 USD | 474,439.50 CVE |
| 10000 USD | 948,879.00 CVE |
| 15000 USD | 1,423,318.50 CVE |
| 20000 USD | 1,897,758.00 CVE |
| 30000 USD | 2,846,637.00 CVE |
| 40000 USD | 3,795,516.00 CVE |
| 50000 USD | 4,744,395.00 CVE |
| 100000 USD | 9,488,790.00 CVE |
*Based on the Mid-market Exchange Rate
1 Based on 251 pricing observations across 4 firms over the last 5 years for a USD 200 money transfer from USA 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 USA 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.