Historic Cape Verdean escudo Colombian Peso

Cape Verdean escudo colombian peso history for November 2023. The highest quote for this month is 40.704 (17/11/2023) and the lowest 40.219 (22/11/2023). The difference between high and low is 1.19.

CVE COP average rate for November 2023 is 39.52385, the change between 01/11/2023 and 30/11/2023 is -0.93 %.

01 November 20231 CVE = 39.39 COP
02 November 20231 CVE = 39.20 COP
03 November 20231 CVE = 39.10 COP
06 November 20231 CVE = 38.39 COP
07 November 20231 CVE = 38.69 COP
08 November 20231 CVE = 38.84 COP
09 November 20231 CVE = 39.73 COP
10 November 20231 CVE = 39.38 COP
12 November 20231 CVE = 39.01 COP
13 November 20231 CVE = 38.70 COP
14 November 20231 CVE = 39.06 COP
15 November 20231 CVE = 38.45 COP
16 November 20231 CVE = 39.66 COP
17 November 20231 CVE = 40.23 COP
18 November 20231 CVE = 40.11 COP
19 November 20231 CVE = 40.11 COP
20 November 20231 CVE = 39.82 COP
21 November 20231 CVE = 40.17 COP
22 November 20231 CVE = 40.35 COP
23 November 20231 CVE = 40.22 COP
24 November 20231 CVE = 40.21 COP
26 November 20231 CVE = 40.02 COP
27 November 20231 CVE = 39.81 COP
28 November 20231 CVE = 39.83 COP
29 November 20231 CVE = 39.38 COP
30 November 20231 CVE = 39.76 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.
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