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

Cape Verdean escudo moroccan dirham history for September 2023. The highest quote for this month is 0.09955 (19/09/2023) and the lowest 0.09881 (23/09/2023). The difference between high and low is 0.74.

CVE MAD average rate for September 2023 is 0.0981, the change between 01/09/2023 and 30/09/2023 is -1.9 %.

01 September 2023	1 CVE = 0.0969 MAD
04 September 2023	1 CVE = 0.0975 MAD
05 September 2023	1 CVE = 0.0966 MAD
06 September 2023	1 CVE = 0.0960 MAD
07 September 2023	1 CVE = 0.0991 MAD
08 September 2023	1 CVE = 0.0986 MAD
11 September 2023	1 CVE = 0.0959 MAD
12 September 2023	1 CVE = 0.0961 MAD
13 September 2023	1 CVE = 0.0987 MAD
14 September 2023	1 CVE = 0.0987 MAD
15 September 2023	1 CVE = 0.0991 MAD
18 September 2023	1 CVE = 0.0961 MAD
19 September 2023	1 CVE = 0.0996 MAD
20 September 2023	1 CVE = 0.0994 MAD
21 September 2023	1 CVE = 0.0999 MAD
22 September 2023	1 CVE = 0.0994 MAD
23 September 2023	1 CVE = 0.0992 MAD
25 September 2023	1 CVE = 0.0964 MAD
26 September 2023	1 CVE = 0.0987 MAD
27 September 2023	1 CVE = 0.0985 MAD
28 September 2023	1 CVE = 0.0984 MAD
29 September 2023	1 CVE = 0.0987 MAD
30 September 2023	1 CVE = 0.0988 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