Cape Verdean escudo chilean peso exchange rate history (CVE CLP) December 2023

Cape Verdean escudo chilean peso history for December 2023. The highest quote for this month is 9.004 (26/12/2023) and the lowest 8.8869 (24/12/2023). The difference between high and low is 1.3.

CVE CLP average rate for December 2023 is 8.61024, the change between 01/12/2023 and 31/12/2023 is -3.01 %.

01 December 2023	1 CVE = 8.61 CLP
02 December 2023	1 CVE = 8.40 CLP
03 December 2023	1 CVE = 8.40 CLP
04 December 2023	1 CVE = 8.45 CLP
05 December 2023	1 CVE = 8.52 CLP
06 December 2023	1 CVE = 8.60 CLP
07 December 2023	1 CVE = 8.52 CLP
08 December 2023	1 CVE = 8.54 CLP
10 December 2023	1 CVE = 8.45 CLP
11 December 2023	1 CVE = 8.40 CLP
12 December 2023	1 CVE = 8.62 CLP
13 December 2023	1 CVE = 8.59 CLP
14 December 2023	1 CVE = 8.55 CLP
15 December 2023	1 CVE = 8.40 CLP
16 December 2023	1 CVE = 8.59 CLP
17 December 2023	1 CVE = 8.59 CLP
18 December 2023	1 CVE = 8.48 CLP
19 December 2023	1 CVE = 8.65 CLP
20 December 2023	1 CVE = 8.59 CLP
21 December 2023	1 CVE = 8.66 CLP
22 December 2023	1 CVE = 8.76 CLP
24 December 2023	1 CVE = 8.87 CLP
25 December 2023	1 CVE = 8.63 CLP
26 December 2023	1 CVE = 8.91 CLP
27 December 2023	1 CVE = 8.93 CLP
28 December 2023	1 CVE = 8.91 CLP
29 December 2023	1 CVE = 8.87 CLP

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.

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

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.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.

Historic Cape Verdean escudo Chilean Peso