Historic Guyanese dollar Cape Verdean escudo

Guyanese dollar cape verdean escudo history for February 2024. The highest quote for this month is 0.5138 (15/02/2024) and the lowest 0.51438 (14/02/2024). The difference between high and low is -0.11.

GYD CVE average rate for February 2024 is 0.50623, the change between 01/02/2024 and 29/02/2024 is -0.28 %.

01 February 20241 GYD = 0.5084 CVE
02 February 20241 GYD = 0.5082 CVE
03 February 20241 GYD = 0.4909 CVE
04 February 20241 GYD = 0.4909 CVE
05 February 20241 GYD = 0.5065 CVE
06 February 20241 GYD = 0.5128 CVE
07 February 20241 GYD = 0.5129 CVE
08 February 20241 GYD = 0.5117 CVE
09 February 20241 GYD = 0.5117 CVE
12 February 20241 GYD = 0.5116 CVE
13 February 20241 GYD = 0.5118 CVE
14 February 20241 GYD = 0.5147 CVE
15 February 20241 GYD = 0.5136 CVE
16 February 20241 GYD = 0.5126 CVE
17 February 20241 GYD = 0.4923 CVE
18 February 20241 GYD = 0.4923 CVE
19 February 20241 GYD = 0.5117 CVE
20 February 20241 GYD = 0.5113 CVE
21 February 20241 GYD = 0.5101 CVE
22 February 20241 GYD = 0.5092 CVE
23 February 20241 GYD = 0.5084 CVE
24 February 20241 GYD = 0.4895 CVE
25 February 20241 GYD = 0.4895 CVE
26 February 20241 GYD = 0.5093 CVE
27 February 20241 GYD = 0.5084 CVE
28 February 20241 GYD = 0.5084 CVE
29 February 20241 GYD = 0.5098 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.
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