Historic Cape Verdean escudo Barbadian dollar

Cape Verdean escudo barbadian dollar history for November 2023. The highest quote for this month is 0.019831 (26/11/2023) and the lowest 0.019831 (26/11/2023). The difference between high and low is 0.

CVE BBD average rate for November 2023 is 0.01936, the change between 01/11/2023 and 30/11/2023 is -4.13 %.

01 November 20231 CVE = 0.0189 BBD
02 November 20231 CVE = 0.0188 BBD
03 November 20231 CVE = 0.0190 BBD
06 November 20231 CVE = 0.0190 BBD
07 November 20231 CVE = 0.0192 BBD
08 November 20231 CVE = 0.0191 BBD
09 November 20231 CVE = 0.0192 BBD
10 November 20231 CVE = 0.0192 BBD
12 November 20231 CVE = 0.0194 BBD
13 November 20231 CVE = 0.0191 BBD
14 November 20231 CVE = 0.0192 BBD
15 November 20231 CVE = 0.0191 BBD
16 November 20231 CVE = 0.0194 BBD
17 November 20231 CVE = 0.0194 BBD
18 November 20231 CVE = 0.0197 BBD
19 November 20231 CVE = 0.0197 BBD
20 November 20231 CVE = 0.0194 BBD
21 November 20231 CVE = 0.0196 BBD
22 November 20231 CVE = 0.0195 BBD
23 November 20231 CVE = 0.0195 BBD
24 November 20231 CVE = 0.0195 BBD
26 November 20231 CVE = 0.0198 BBD
27 November 20231 CVE = 0.0195 BBD
28 November 20231 CVE = 0.0196 BBD
29 November 20231 CVE = 0.0196 BBD
30 November 20231 CVE = 0.0197 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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