Historic Cape Verdean escudo Barbadian dollar

Cape Verdean escudo barbadian dollar history for December 2023. The highest quote for this month is 0.019904 (28/12/2023) and the lowest 0.02002 (24/12/2023). The difference between high and low is -0.58.

CVE BBD average rate for December 2023 is 0.01958, the change between 01/12/2023 and 31/12/2023 is -1.87 %.

01 December 20231 CVE = 0.0195 BBD
02 December 20231 CVE = 0.0197 BBD
03 December 20231 CVE = 0.0197 BBD
04 December 20231 CVE = 0.0195 BBD
05 December 20231 CVE = 0.0194 BBD
06 December 20231 CVE = 0.0193 BBD
07 December 20231 CVE = 0.0193 BBD
08 December 20231 CVE = 0.0193 BBD
10 December 20231 CVE = 0.0195 BBD
11 December 20231 CVE = 0.0193 BBD
12 December 20231 CVE = 0.0193 BBD
13 December 20231 CVE = 0.0193 BBD
14 December 20231 CVE = 0.0193 BBD
15 December 20231 CVE = 0.0192 BBD
16 December 20231 CVE = 0.0198 BBD
17 December 20231 CVE = 0.0198 BBD
18 December 20231 CVE = 0.0196 BBD
19 December 20231 CVE = 0.0195 BBD
20 December 20231 CVE = 0.0196 BBD
21 December 20231 CVE = 0.0196 BBD
22 December 20231 CVE = 0.0197 BBD
23 December 20231 CVE = 0.0199 BBD
24 December 20231 CVE = 0.0200 BBD
25 December 20231 CVE = 0.0197 BBD
26 December 20231 CVE = 0.0197 BBD
27 December 20231 CVE = 0.0198 BBD
28 December 20231 CVE = 0.0199 BBD
29 December 20231 CVE = 0.0199 BBD

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.
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