Guyanese dollar cape verdean escudo exchange rate history (GYD CVE) December 2023

Guyanese dollar cape verdean escudo history for December 2023. The highest quote for this month is 0.51453 (14/12/2023) and the lowest 0.51174 (11/12/2023). The difference between high and low is 0.54.

GYD CVE average rate for December 2023 is 0.50036, the change between 01/12/2023 and 31/12/2023 is +1.88 %.

01 December 2023	1 GYD = 0.5049 CVE
02 December 2023	1 GYD = 0.4871 CVE
03 December 2023	1 GYD = 0.4871 CVE
04 December 2023	1 GYD = 0.5058 CVE
05 December 2023	1 GYD = 0.5083 CVE
06 December 2023	1 GYD = 0.5106 CVE
07 December 2023	1 GYD = 0.5109 CVE
08 December 2023	1 GYD = 0.5103 CVE
10 December 2023	1 GYD = 0.4926 CVE
11 December 2023	1 GYD = 0.5110 CVE
12 December 2023	1 GYD = 0.5113 CVE
13 December 2023	1 GYD = 0.5103 CVE
14 December 2023	1 GYD = 0.5114 CVE
15 December 2023	1 GYD = 0.5145 CVE
16 December 2023	1 GYD = 0.4851 CVE
17 December 2023	1 GYD = 0.4851 CVE
18 December 2023	1 GYD = 0.5020 CVE
19 December 2023	1 GYD = 0.5052 CVE
20 December 2023	1 GYD = 0.5018 CVE
21 December 2023	1 GYD = 0.5019 CVE
22 December 2023	1 GYD = 0.5012 CVE
23 December 2023	1 GYD = 0.4825 CVE
24 December 2023	1 GYD = 0.4806 CVE
25 December 2023	1 GYD = 0.4997 CVE
26 December 2023	1 GYD = 0.5000 CVE
27 December 2023	1 GYD = 0.4983 CVE
28 December 2023	1 GYD = 0.4953 CVE
29 December 2023	1 GYD = 0.4954 CVE

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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Cape Verdean escudo