Cape Verdean escudo moroccan dirham exchange rate history (CVE MAD) August 2023

Cape Verdean escudo moroccan dirham history for August 2023. The highest quote for this month is 0.09845 (24/08/2023) and the lowest 0.09834 (19/08/2023). The difference between high and low is 0.11.

CVE MAD average rate for August 2023 is 0.09664, the change between 01/08/2023 and 31/08/2023 is +1.64 %.

01 August 2023	1 CVE = 0.0983 MAD
02 August 2023	1 CVE = 0.0982 MAD
03 August 2023	1 CVE = 0.0955 MAD
04 August 2023	1 CVE = 0.0975 MAD
07 August 2023	1 CVE = 0.0935 MAD
08 August 2023	1 CVE = 0.0948 MAD
09 August 2023	1 CVE = 0.0933 MAD
10 August 2023	1 CVE = 0.0937 MAD
11 August 2023	1 CVE = 0.0948 MAD
12 August 2023	1 CVE = 0.0983 MAD
14 August 2023	1 CVE = 0.0944 MAD
15 August 2023	1 CVE = 0.0975 MAD
16 August 2023	1 CVE = 0.0977 MAD
17 August 2023	1 CVE = 0.0980 MAD
18 August 2023	1 CVE = 0.0978 MAD
19 August 2023	1 CVE = 0.0983 MAD
20 August 2023	1 CVE = 0.0983 MAD
21 August 2023	1 CVE = 0.0940 MAD
22 August 2023	1 CVE = 0.0984 MAD
23 August 2023	1 CVE = 0.0983 MAD
24 August 2023	1 CVE = 0.0983 MAD
25 August 2023	1 CVE = 0.0986 MAD
28 August 2023	1 CVE = 0.0952 MAD
29 August 2023	1 CVE = 0.0967 MAD
30 August 2023	1 CVE = 0.0963 MAD
31 August 2023	1 CVE = 0.0967 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham 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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Cape Verdean escudo Moroccan dirham