Historic Cape Verdean escudo Moroccan dirham

Cape Verdean escudo moroccan dirham history for February 2024. The highest quote for this month is 0.09896 (27/02/2024) and the lowest 0.09875 (24/02/2024). The difference between high and low is 0.21.

CVE MAD average rate for February 2024 is 0.09762, the change between 01/02/2024 and 29/02/2024 is +2.16 %.

01 February 20241 CVE = 0.0985 MAD
02 February 20241 CVE = 0.0984 MAD
03 February 20241 CVE = 0.0983 MAD
04 February 20241 CVE = 0.0983 MAD
05 February 20241 CVE = 0.0955 MAD
06 February 20241 CVE = 0.0951 MAD
07 February 20241 CVE = 0.0982 MAD
08 February 20241 CVE = 0.0982 MAD
09 February 20241 CVE = 0.0981 MAD
12 February 20241 CVE = 0.0949 MAD
13 February 20241 CVE = 0.0981 MAD
14 February 20241 CVE = 0.0978 MAD
15 February 20241 CVE = 0.0980 MAD
16 February 20241 CVE = 0.0981 MAD
17 February 20241 CVE = 0.0981 MAD
18 February 20241 CVE = 0.0981 MAD
19 February 20241 CVE = 0.0953 MAD
20 February 20241 CVE = 0.0955 MAD
21 February 20241 CVE = 0.0988 MAD
22 February 20241 CVE = 0.0989 MAD
23 February 20241 CVE = 0.0988 MAD
24 February 20241 CVE = 0.0988 MAD
25 February 20241 CVE = 0.0988 MAD
26 February 20241 CVE = 0.0955 MAD
27 February 20241 CVE = 0.0986 MAD
28 February 20241 CVE = 0.0990 MAD
29 February 20241 CVE = 0.0964 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.
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