Djiboutian franc cape verdean escudo exchange rate history (DJF CVE) December 2023

Djiboutian franc cape verdean escudo history for December 2023. The highest quote for this month is 0.57956 (14/12/2023) and the lowest 0.58893 (11/12/2023). The difference between high and low is -1.62.

DJF CVE average rate for December 2023 is 0.57258, the change between 01/12/2023 and 31/12/2023 is -0.29 %.

01 December 2023	1 DJF = 0.5684 CVE
02 December 2023	1 DJF = 0.5714 CVE
03 December 2023	1 DJF = 0.5714 CVE
04 December 2023	1 DJF = 0.5818 CVE
05 December 2023	1 DJF = 0.5728 CVE
06 December 2023	1 DJF = 0.5745 CVE
07 December 2023	1 DJF = 0.5870 CVE
08 December 2023	1 DJF = 0.5745 CVE
10 December 2023	1 DJF = 0.5779 CVE
11 December 2023	1 DJF = 0.5881 CVE
12 December 2023	1 DJF = 0.5762 CVE
13 December 2023	1 DJF = 0.5874 CVE
14 December 2023	1 DJF = 0.5754 CVE
15 December 2023	1 DJF = 0.5796 CVE
16 December 2023	1 DJF = 0.5683 CVE
17 December 2023	1 DJF = 0.5683 CVE
18 December 2023	1 DJF = 0.5779 CVE
19 December 2023	1 DJF = 0.5686 CVE
20 December 2023	1 DJF = 0.5649 CVE
21 December 2023	1 DJF = 0.5655 CVE
22 December 2023	1 DJF = 0.5734 CVE
23 December 2023	1 DJF = 0.5660 CVE
24 December 2023	1 DJF = 0.5638 CVE
25 December 2023	1 DJF = 0.5749 CVE
26 December 2023	1 DJF = 0.5637 CVE
27 December 2023	1 DJF = 0.5621 CVE
28 December 2023	1 DJF = 0.5583 CVE
29 December 2023	1 DJF = 0.5701 CVE

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were 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.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

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.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

Historic Djiboutian franc Cape Verdean escudo