Cape Verdean escudo colombian peso exchange rate history (CVE COP) December 2023

Cape Verdean escudo colombian peso history for December 2023. The highest quote for this month is 39.709 (01/12/2023) and the lowest 39.463 (05/12/2023). The difference between high and low is 0.62.

CVE COP average rate for December 2023 is 39.03404, the change between 01/12/2023 and 31/12/2023 is +2.08 %.

01 December 2023	1 CVE = 39.74 COP
02 December 2023	1 CVE = 39.06 COP
03 December 2023	1 CVE = 39.06 COP
04 December 2023	1 CVE = 39.24 COP
05 December 2023	1 CVE = 39.48 COP
06 December 2023	1 CVE = 39.28 COP
07 December 2023	1 CVE = 39.14 COP
08 December 2023	1 CVE = 39.16 COP
10 December 2023	1 CVE = 38.81 COP
11 December 2023	1 CVE = 38.54 COP
12 December 2023	1 CVE = 38.73 COP
13 December 2023	1 CVE = 39.04 COP
14 December 2023	1 CVE = 38.80 COP
15 December 2023	1 CVE = 38.49 COP
16 December 2023	1 CVE = 39.07 COP
17 December 2023	1 CVE = 39.07 COP
18 December 2023	1 CVE = 39.04 COP
19 December 2023	1 CVE = 38.92 COP
20 December 2023	1 CVE = 39.26 COP
21 December 2023	1 CVE = 39.20 COP
22 December 2023	1 CVE = 39.31 COP
23 December 2023	1 CVE = 38.88 COP
24 December 2023	1 CVE = 39.03 COP
25 December 2023	1 CVE = 39.00 COP
26 December 2023	1 CVE = 39.44 COP
27 December 2023	1 CVE = 38.62 COP
28 December 2023	1 CVE = 38.63 COP
29 December 2023	1 CVE = 38.91 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high 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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Cape Verdean escudo Colombian Peso