Honduran lempira cape verdean escudo exchange rate history (HNL CVE) August 2023

Honduran lempira cape verdean escudo history for August 2023. The highest quote for this month is 4.2254 (28/08/2023) and the lowest 4.2243 (25/08/2023). The difference between high and low is 0.03.

HNL CVE average rate for August 2023 is 4.14911, the change between 01/08/2023 and 31/08/2023 is -2.5 %.

01 August 2023	1 HNL = 4.088 CVE
02 August 2023	1 HNL = 4.093 CVE
03 August 2023	1 HNL = 4.160 CVE
04 August 2023	1 HNL = 4.102 CVE
07 August 2023	1 HNL = 4.174 CVE
08 August 2023	1 HNL = 4.163 CVE
09 August 2023	1 HNL = 4.171 CVE
10 August 2023	1 HNL = 4.161 CVE
11 August 2023	1 HNL = 4.142 CVE
12 August 2023	1 HNL = 4.091 CVE
14 August 2023	1 HNL = 4.154 CVE
15 August 2023	1 HNL = 4.123 CVE
16 August 2023	1 HNL = 4.121 CVE
17 August 2023	1 HNL = 4.112 CVE
18 August 2023	1 HNL = 4.133 CVE
19 August 2023	1 HNL = 4.133 CVE
20 August 2023	1 HNL = 4.133 CVE
21 August 2023	1 HNL = 4.203 CVE
22 August 2023	1 HNL = 4.127 CVE
23 August 2023	1 HNL = 4.141 CVE
24 August 2023	1 HNL = 4.141 CVE
25 August 2023	1 HNL = 4.150 CVE
27 August 2023	1 HNL = 4.149 CVE
28 August 2023	1 HNL = 4.225 CVE
29 August 2023	1 HNL = 4.222 CVE
30 August 2023	1 HNL = 4.224 CVE
31 August 2023	1 HNL = 4.190 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.

07/10/2019: Modernization of Banknotes

The Honduran Central Bank launched new banknotes with enhanced security features and improved designs to deter counterfeiting.

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.

27/01/2009: Currency Crisis

Honduras faced a severe currency crisis due to political instability, causing a decline in the value of the Lempira.

01/01/2005: Decimalization of the escudo

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

01/01/1998: 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.

15/06/1997: Monetary Integration

Honduras became a member of the Central American Monetary Integration System, aiming to promote economic stability and regional cooperation.

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.

15/03/1967: Introduction of the New Lempira

A new design and denomination of the Lempira banknotes were introduced in order to combat counterfeiting.

03/09/1950: Devaluation of the Lempira

The Lempira experienced a significant devaluation, causing economic instability and inflation in Honduras.

11/10/1940: Monetary Reforms

Honduran government implemented monetary reforms to stabilize the Lempira and improve its value.

07/03/1931: Creation of the Lempira

The Honduran currency, the Lempira, was introduced to replace the Honduran peso as the official currency.

Historic Honduran lempira Cape Verdean escudo