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

Guyanese dollar cape verdean escudo history for October 2023. The highest quote for this month is 0.5264 (04/10/2023) and the lowest 0.52583 (04/10/2023). The difference between high and low is 0.11.

GYD CVE average rate for October 2023 is 0.51798, the change between 01/10/2023 and 31/10/2023 is -4.09 %.

01 October 2023	1 GYD = 0.5006 CVE
02 October 2023	1 GYD = 0.5202 CVE
03 October 2023	1 GYD = 0.5254 CVE
04 October 2023	1 GYD = 0.5264 CVE
05 October 2023	1 GYD = 0.5265 CVE
06 October 2023	1 GYD = 0.5249 CVE
07 October 2023	1 GYD = 0.5000 CVE
09 October 2023	1 GYD = 0.5230 CVE
10 October 2023	1 GYD = 0.5240 CVE
11 October 2023	1 GYD = 0.5208 CVE
12 October 2023	1 GYD = 0.5188 CVE
13 October 2023	1 GYD = 0.5228 CVE
16 October 2023	1 GYD = 0.5250 CVE
17 October 2023	1 GYD = 0.5231 CVE
18 October 2023	1 GYD = 0.5221 CVE
19 October 2023	1 GYD = 0.5222 CVE
20 October 2023	1 GYD = 0.5177 CVE
21 October 2023	1 GYD = 0.4998 CVE
22 October 2023	1 GYD = 0.4998 CVE
23 October 2023	1 GYD = 0.5209 CVE
24 October 2023	1 GYD = 0.5166 CVE
25 October 2023	1 GYD = 0.5167 CVE
26 October 2023	1 GYD = 0.5216 CVE
27 October 2023	1 GYD = 0.5217 CVE
29 October 2023	1 GYD = 0.5014 CVE
30 October 2023	1 GYD = 0.5225 CVE
31 October 2023	1 GYD = 0.5211 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