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

Burmese kyat cape verdean escudo history for October 2023. The highest quote for this month is 0.050628 (04/10/2023) and the lowest 0.050496 (05/10/2023). The difference between high and low is 0.26.

MMK CVE average rate for October 2023 is 0.05011, the change between 01/10/2023 and 31/10/2023 is -0.67 %.

01 October 2023	1 MMK = 0.0497 CVE
02 October 2023	1 MMK = 0.0500 CVE
03 October 2023	1 MMK = 0.0505 CVE
04 October 2023	1 MMK = 0.0506 CVE
05 October 2023	1 MMK = 0.0506 CVE
06 October 2023	1 MMK = 0.0504 CVE
07 October 2023	1 MMK = 0.0497 CVE
09 October 2023	1 MMK = 0.0502 CVE
10 October 2023	1 MMK = 0.0504 CVE
11 October 2023	1 MMK = 0.0500 CVE
12 October 2023	1 MMK = 0.0499 CVE
13 October 2023	1 MMK = 0.0502 CVE
16 October 2023	1 MMK = 0.0504 CVE
17 October 2023	1 MMK = 0.0502 CVE
18 October 2023	1 MMK = 0.0502 CVE
19 October 2023	1 MMK = 0.0502 CVE
20 October 2023	1 MMK = 0.0502 CVE
21 October 2023	1 MMK = 0.0497 CVE
22 October 2023	1 MMK = 0.0497 CVE
23 October 2023	1 MMK = 0.0501 CVE
24 October 2023	1 MMK = 0.0497 CVE
25 October 2023	1 MMK = 0.0497 CVE
26 October 2023	1 MMK = 0.0501 CVE
27 October 2023	1 MMK = 0.0501 CVE
29 October 2023	1 MMK = 0.0498 CVE
30 October 2023	1 MMK = 0.0502 CVE
31 October 2023	1 MMK = 0.0501 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