Cape Verdean escudo brazilian real exchange rate history (CVE BRL) December 2023

Cape Verdean escudo brazilian real history for December 2023. The highest quote for this month is 0.049182 (15/12/2023) and the lowest 0.048931 (16/12/2023). The difference between high and low is 0.51.

CVE BRL average rate for December 2023 is 0.0484, the change between 01/12/2023 and 31/12/2023 is +0.18 %.

01 December 2023	1 CVE = 0.0487 BRL
02 December 2023	1 CVE = 0.0480 BRL
03 December 2023	1 CVE = 0.0481 BRL
04 December 2023	1 CVE = 0.0484 BRL
05 December 2023	1 CVE = 0.0486 BRL
06 December 2023	1 CVE = 0.0483 BRL
07 December 2023	1 CVE = 0.0480 BRL
08 December 2023	1 CVE = 0.0481 BRL
10 December 2023	1 CVE = 0.0480 BRL
11 December 2023	1 CVE = 0.0478 BRL
12 December 2023	1 CVE = 0.0482 BRL
13 December 2023	1 CVE = 0.0486 BRL
14 December 2023	1 CVE = 0.0481 BRL
15 December 2023	1 CVE = 0.0477 BRL
16 December 2023	1 CVE = 0.0490 BRL
17 December 2023	1 CVE = 0.0490 BRL
18 December 2023	1 CVE = 0.0487 BRL
19 December 2023	1 CVE = 0.0485 BRL
20 December 2023	1 CVE = 0.0485 BRL
21 December 2023	1 CVE = 0.0489 BRL
22 December 2023	1 CVE = 0.0486 BRL
23 December 2023	1 CVE = 0.0483 BRL
24 December 2023	1 CVE = 0.0485 BRL
25 December 2023	1 CVE = 0.0486 BRL
26 December 2023	1 CVE = 0.0486 BRL
27 December 2023	1 CVE = 0.0482 BRL
28 December 2023	1 CVE = 0.0486 BRL
29 December 2023	1 CVE = 0.0486 BRL

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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

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.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

01/01/2005: Decimalization of the escudo

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

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

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.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat 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.

Historic Cape Verdean escudo Brazilian Real