Historic Cape Verdean escudo Lao kip

Cape Verdean escudo lao kip history for February 2024. The highest quote for this month is 204.7 (27/02/2024) and the lowest 204.64 (24/02/2024). The difference between high and low is 0.03.

CVE LAK average rate for February 2024 is 203.09037, the change between 01/02/2024 and 29/02/2024 is +0.61 %.

01 February 20241 CVE = 203.7 LAK
02 February 20241 CVE = 203.8 LAK
03 February 20241 CVE = 203.1 LAK
04 February 20241 CVE = 203.1 LAK
05 February 20241 CVE = 202.7 LAK
06 February 20241 CVE = 200.7 LAK
07 February 20241 CVE = 202.5 LAK
08 February 20241 CVE = 203.0 LAK
09 February 20241 CVE = 203.0 LAK
12 February 20241 CVE = 201.2 LAK
13 February 20241 CVE = 203.2 LAK
14 February 20241 CVE = 202.1 LAK
15 February 20241 CVE = 202.5 LAK
16 February 20241 CVE = 203.1 LAK
17 February 20241 CVE = 203.0 LAK
18 February 20241 CVE = 203.0 LAK
19 February 20241 CVE = 201.6 LAK
20 February 20241 CVE = 201.6 LAK
21 February 20241 CVE = 203.9 LAK
22 February 20241 CVE = 204.2 LAK
23 February 20241 CVE = 204.5 LAK
24 February 20241 CVE = 204.6 LAK
25 February 20241 CVE = 204.6 LAK
26 February 20241 CVE = 202.6 LAK
27 February 20241 CVE = 204.7 LAK
28 February 20241 CVE = 204.7 LAK
29 February 20241 CVE = 202.5 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

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.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

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.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

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.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

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.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.
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