Historic Cape Verdean escudo Somali shilling

Cape Verdean escudo somali shilling history for November 2023. The highest quote for this month is 5.6574 (29/11/2023) and the lowest 5.6696 (29/11/2023). The difference between high and low is -0.22.

CVE SOS average rate for November 2023 is 5.56366, the change between 01/11/2023 and 30/11/2023 is -4.07 %.

01 November 20231 CVE = 5.44 SOS
02 November 20231 CVE = 5.43 SOS
03 November 20231 CVE = 5.48 SOS
06 November 20231 CVE = 5.52 SOS
07 November 20231 CVE = 5.53 SOS
08 November 20231 CVE = 5.50 SOS
09 November 20231 CVE = 5.52 SOS
10 November 20231 CVE = 5.52 SOS
13 November 20231 CVE = 5.52 SOS
14 November 20231 CVE = 5.51 SOS
15 November 20231 CVE = 5.51 SOS
16 November 20231 CVE = 5.59 SOS
17 November 20231 CVE = 5.59 SOS
20 November 20231 CVE = 5.62 SOS
21 November 20231 CVE = 5.64 SOS
22 November 20231 CVE = 5.63 SOS
23 November 20231 CVE = 5.62 SOS
24 November 20231 CVE = 5.62 SOS
27 November 20231 CVE = 5.64 SOS
28 November 20231 CVE = 5.64 SOS
29 November 20231 CVE = 5.66 SOS
30 November 20231 CVE = 5.66 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.