Barbadian dollar cape verdean escudo exchange rate history (BBD CVE) September 2023

Barbadian dollar cape verdean escudo history for September 2023. The highest quote for this month is 53.006 (28/09/2023) and the lowest 53.06 (28/09/2023). The difference between high and low is -0.1.

BBD CVE average rate for September 2023 is 52.23346, the change between 01/09/2023 and 30/09/2023 is -1.29 %.

01 September 2023	1 BBD = 51.40 CVE
04 September 2023	1 BBD = 51.53 CVE
05 September 2023	1 BBD = 51.73 CVE
06 September 2023	1 BBD = 52.05 CVE
07 September 2023	1 BBD = 52.18 CVE
08 September 2023	1 BBD = 52.25 CVE
11 September 2023	1 BBD = 52.25 CVE
12 September 2023	1 BBD = 52.09 CVE
13 September 2023	1 BBD = 52.08 CVE
14 September 2023	1 BBD = 52.08 CVE
15 September 2023	1 BBD = 52.47 CVE
18 September 2023	1 BBD = 52.47 CVE
19 September 2023	1 BBD = 52.31 CVE
20 September 2023	1 BBD = 52.31 CVE
21 September 2023	1 BBD = 52.07 CVE
22 September 2023	1 BBD = 52.40 CVE
23 September 2023	1 BBD = 51.74 CVE
24 September 2023	1 BBD = 51.74 CVE
25 September 2023	1 BBD = 52.57 CVE
26 September 2023	1 BBD = 52.81 CVE
27 September 2023	1 BBD = 52.89 CVE
28 September 2023	1 BBD = 53.15 CVE
29 September 2023	1 BBD = 52.99 CVE
30 September 2023	1 BBD = 52.06 CVE

26/06/2020: Currency peg under review

Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.

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.

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.

05/08/2013: Devaluation of currency

Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.

01/01/2005: Decimalization of the escudo

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

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.

24/07/1995: New currency design

Barbados introduced a new design for its currency, featuring national symbols and landmarks.

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.

05/05/1975: Introduction of decimalization

Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.

01/01/1973: Fixed exchange rate

Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.

03/07/1972: Barbados gains independence

Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.

01/10/1935: Introduction of Barbadian Dollar

The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.

Historic Barbadian dollar Cape Verdean escudo