Australian dollar cape verdean escudo exchange rate history (AUD CVE) December 2023

Australian dollar cape verdean escudo history for December 2023. The highest quote for this month is 68.637 (14/12/2023) and the lowest 71.053 (25/12/2023). The difference between high and low is -3.52.

AUD CVE average rate for December 2023 is 67.72286, the change between 01/12/2023 and 31/12/2023 is -1.97 %.

01 December 2023	1 AUD = 66.74 CVE
02 December 2023	1 AUD = 67.74 CVE
03 December 2023	1 AUD = 67.65 CVE
04 December 2023	1 AUD = 67.67 CVE
05 December 2023	1 AUD = 67.36 CVE
06 December 2023	1 AUD = 66.92 CVE
07 December 2023	1 AUD = 66.96 CVE
08 December 2023	1 AUD = 67.33 CVE
10 December 2023	1 AUD = 67.48 CVE
11 December 2023	1 AUD = 67.40 CVE
12 December 2023	1 AUD = 67.23 CVE
13 December 2023	1 AUD = 67.05 CVE
14 December 2023	1 AUD = 68.16 CVE
15 December 2023	1 AUD = 69.04 CVE
16 December 2023	1 AUD = 67.60 CVE
17 December 2023	1 AUD = 67.60 CVE
18 December 2023	1 AUD = 67.71 CVE
19 December 2023	1 AUD = 67.74 CVE
20 December 2023	1 AUD = 67.90 CVE
21 December 2023	1 AUD = 67.74 CVE
22 December 2023	1 AUD = 68.21 CVE
23 December 2023	1 AUD = 68.36 CVE
24 December 2023	1 AUD = 68.09 CVE
25 December 2023	1 AUD = 68.17 CVE
26 December 2023	1 AUD = 68.19 CVE
27 December 2023	1 AUD = 68.17 CVE
28 December 2023	1 AUD = 68.01 CVE
29 December 2023	1 AUD = 68.06 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

Historic Australian dollar Cape Verdean escudo