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

Guyanese dollar cape verdean escudo history for November 2023. The highest quote for this month is 0.52357 (01/11/2023) and the lowest 0.52324 (01/11/2023). The difference between high and low is 0.06.

GYD CVE average rate for November 2023 is 0.50717, the change between 01/11/2023 and 30/11/2023 is +4.04 %.

01 November 2023	1 GYD = 0.5226 CVE
02 November 2023	1 GYD = 0.5236 CVE
03 November 2023	1 GYD = 0.5190 CVE
06 November 2023	1 GYD = 0.5183 CVE
07 November 2023	1 GYD = 0.5141 CVE
08 November 2023	1 GYD = 0.5170 CVE
09 November 2023	1 GYD = 0.5141 CVE
10 November 2023	1 GYD = 0.5149 CVE
12 November 2023	1 GYD = 0.4952 CVE
13 November 2023	1 GYD = 0.5168 CVE
14 November 2023	1 GYD = 0.5104 CVE
15 November 2023	1 GYD = 0.5110 CVE
16 November 2023	1 GYD = 0.5076 CVE
17 November 2023	1 GYD = 0.5070 CVE
18 November 2023	1 GYD = 0.4868 CVE
19 November 2023	1 GYD = 0.4868 CVE
20 November 2023	1 GYD = 0.5073 CVE
21 November 2023	1 GYD = 0.5033 CVE
22 November 2023	1 GYD = 0.5046 CVE
23 November 2023	1 GYD = 0.5057 CVE
24 November 2023	1 GYD = 0.5050 CVE
26 November 2023	1 GYD = 0.4842 CVE
27 November 2023	1 GYD = 0.5050 CVE
28 November 2023	1 GYD = 0.5025 CVE
29 November 2023	1 GYD = 0.5021 CVE
30 November 2023	1 GYD = 0.5015 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