Algerian dinar cape verdean escudo exchange rate history (DZD CVE) January 2024

Algerian dinar cape verdean escudo history for January 2024. The highest quote for this month is 0.75835 (29/01/2024) and the lowest 0.76497 (29/01/2024). The difference between high and low is -0.87.

DZD CVE average rate for January 2024 is 0.75235, the change between 01/01/2024 and 31/01/2024 is -1.77 %.

01 January 2024	1 DZD = 0.7453 CVE
02 January 2024	1 DZD = 0.7460 CVE
03 January 2024	1 DZD = 0.7430 CVE
04 January 2024	1 DZD = 0.7503 CVE
05 January 2024	1 DZD = 0.7515 CVE
06 January 2024	1 DZD = 0.7469 CVE
07 January 2024	1 DZD = 0.7469 CVE
08 January 2024	1 DZD = 0.7524 CVE
09 January 2024	1 DZD = 0.7501 CVE
10 January 2024	1 DZD = 0.7522 CVE
11 January 2024	1 DZD = 0.7496 CVE
12 January 2024	1 DZD = 0.7505 CVE
14 January 2024	1 DZD = 0.7491 CVE
15 January 2024	1 DZD = 0.7499 CVE
16 January 2024	1 DZD = 0.7498 CVE
17 January 2024	1 DZD = 0.7557 CVE
18 January 2024	1 DZD = 0.7563 CVE
19 January 2024	1 DZD = 0.7544 CVE
22 January 2024	1 DZD = 0.7562 CVE
23 January 2024	1 DZD = 0.7561 CVE
24 January 2024	1 DZD = 0.7587 CVE
25 January 2024	1 DZD = 0.7561 CVE
26 January 2024	1 DZD = 0.7559 CVE
28 January 2024	1 DZD = 0.7554 CVE
29 January 2024	1 DZD = 0.7568 CVE
30 January 2024	1 DZD = 0.7600 CVE
31 January 2024	1 DZD = 0.7584 CVE

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

20/12/2017: Devaluation of Algerian Dinar

The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

29/06/2014: 50th Anniversary of Algerian Dinar

Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

21/12/1999: Introduction of Euro-Dinar Exchange Rate

The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

17/09/1994: Introduction of New Dinar

A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

10/11/1973: Devaluation of Algerian Dinar

The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.

07/05/1971: Algerian Dinar Pegged to French Franc

The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.

01/10/1964: Introduction of Algerian Dinar

The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.

Historic Algerian dinar Cape Verdean escudo