Cape Verdean escudo somali shilling history for August 2023. The highest quote for this month is 5.6403 (11/08/2023) and the lowest 5.6507 (10/08/2023). The difference between high and low is -0.18.
CVE SOS average rate for August 2023 is 5.5971, the change between 01/08/2023 and 31/08/2023 is +1.11 %.
| 01 August 2023 | 1 CVE = 5.64 SOS |
| 02 August 2023 | 1 CVE = 5.63 SOS |
| 03 August 2023 | 1 CVE = 5.62 SOS |
| 04 August 2023 | 1 CVE = 5.62 SOS |
| 07 August 2023 | 1 CVE = 5.65 SOS |
| 08 August 2023 | 1 CVE = 5.64 SOS |
| 09 August 2023 | 1 CVE = 5.62 SOS |
| 10 August 2023 | 1 CVE = 5.63 SOS |
| 11 August 2023 | 1 CVE = 5.66 SOS |
| 14 August 2023 | 1 CVE = 5.62 SOS |
| 15 August 2023 | 1 CVE = 5.60 SOS |
| 16 August 2023 | 1 CVE = 5.60 SOS |
| 17 August 2023 | 1 CVE = 5.60 SOS |
| 18 August 2023 | 1 CVE = 5.57 SOS |
| 21 August 2023 | 1 CVE = 5.58 SOS |
| 22 August 2023 | 1 CVE = 5.58 SOS |
| 23 August 2023 | 1 CVE = 5.57 SOS |
| 24 August 2023 | 1 CVE = 5.56 SOS |
| 25 August 2023 | 1 CVE = 5.55 SOS |
| 28 August 2023 | 1 CVE = 5.53 SOS |
| 29 August 2023 | 1 CVE = 5.54 SOS |
| 30 August 2023 | 1 CVE = 5.54 SOS |
| 31 August 2023 | 1 CVE = 5.58 SOS |
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.
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.
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.