Burmese kyat cape verdean escudo exchange rate history (MMK CVE) November 2023

Burmese kyat cape verdean escudo history for November 2023. The highest quote for this month is 0.050335 (01/11/2023) and the lowest 0.050304 (01/11/2023). The difference between high and low is 0.06.

MMK CVE average rate for November 2023 is 0.04906, the change between 01/11/2023 and 30/11/2023 is +3.93 %.

01 November 2023	1 MMK = 0.0502 CVE
02 November 2023	1 MMK = 0.0503 CVE
03 November 2023	1 MMK = 0.0499 CVE
06 November 2023	1 MMK = 0.0498 CVE
07 November 2023	1 MMK = 0.0494 CVE
08 November 2023	1 MMK = 0.0497 CVE
09 November 2023	1 MMK = 0.0495 CVE
10 November 2023	1 MMK = 0.0495 CVE
12 November 2023	1 MMK = 0.0493 CVE
13 November 2023	1 MMK = 0.0497 CVE
14 November 2023	1 MMK = 0.0495 CVE
15 November 2023	1 MMK = 0.0496 CVE
16 November 2023	1 MMK = 0.0488 CVE
17 November 2023	1 MMK = 0.0488 CVE
18 November 2023	1 MMK = 0.0484 CVE
19 November 2023	1 MMK = 0.0484 CVE
20 November 2023	1 MMK = 0.0488 CVE
21 November 2023	1 MMK = 0.0485 CVE
22 November 2023	1 MMK = 0.0485 CVE
23 November 2023	1 MMK = 0.0486 CVE
24 November 2023	1 MMK = 0.0486 CVE
26 November 2023	1 MMK = 0.0482 CVE
27 November 2023	1 MMK = 0.0486 CVE
28 November 2023	1 MMK = 0.0484 CVE
29 November 2023	1 MMK = 0.0483 CVE
30 November 2023	1 MMK = 0.0482 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.

Historic Burmese kyat Cape Verdean escudo