Historic Burmese kyat Cape Verdean escudo

Burmese kyat cape verdean escudo history for February 2024. The highest quote for this month is 0.04943 (15/02/2024) and the lowest 0.049485 (14/02/2024). The difference between high and low is -0.11.

MMK CVE average rate for February 2024 is 0.04904, the change between 01/02/2024 and 29/02/2024 is -0.26 %.

01 February 20241 MMK = 0.0489 CVE
02 February 20241 MMK = 0.0489 CVE
03 February 20241 MMK = 0.0488 CVE
04 February 20241 MMK = 0.0488 CVE
05 February 20241 MMK = 0.0487 CVE
06 February 20241 MMK = 0.0493 CVE
07 February 20241 MMK = 0.0493 CVE
08 February 20241 MMK = 0.0492 CVE
09 February 20241 MMK = 0.0492 CVE
12 February 20241 MMK = 0.0492 CVE
13 February 20241 MMK = 0.0492 CVE
14 February 20241 MMK = 0.0495 CVE
15 February 20241 MMK = 0.0494 CVE
16 February 20241 MMK = 0.0493 CVE
17 February 20241 MMK = 0.0490 CVE
18 February 20241 MMK = 0.0490 CVE
19 February 20241 MMK = 0.0492 CVE
20 February 20241 MMK = 0.0492 CVE
21 February 20241 MMK = 0.0490 CVE
22 February 20241 MMK = 0.0490 CVE
23 February 20241 MMK = 0.0489 CVE
24 February 20241 MMK = 0.0486 CVE
25 February 20241 MMK = 0.0486 CVE
26 February 20241 MMK = 0.0490 CVE
27 February 20241 MMK = 0.0489 CVE
28 February 20241 MMK = 0.0489 CVE
29 February 20241 MMK = 0.0490 CVE

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

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.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat 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.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.
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