Bahamian dollar cape verdean escudo exchange rate history (BSD CVE) December 2023

Bahamian dollar cape verdean escudo history for December 2023. The highest quote for this month is 103.7 (14/12/2023) and the lowest 103.07 (11/12/2023). The difference between high and low is 0.61.

BSD CVE average rate for December 2023 is 101.60321, the change between 01/12/2023 and 31/12/2023 is +1.82 %.

01 December 2023	1 BSD = 101.7 CVE
02 December 2023	1 BSD = 101.5 CVE
03 December 2023	1 BSD = 101.5 CVE
04 December 2023	1 BSD = 101.8 CVE
05 December 2023	1 BSD = 102.4 CVE
06 December 2023	1 BSD = 102.8 CVE
07 December 2023	1 BSD = 102.7 CVE
08 December 2023	1 BSD = 102.7 CVE
10 December 2023	1 BSD = 102.6 CVE
11 December 2023	1 BSD = 102.9 CVE
12 December 2023	1 BSD = 103.0 CVE
13 December 2023	1 BSD = 102.8 CVE
14 December 2023	1 BSD = 102.9 CVE
15 December 2023	1 BSD = 103.7 CVE
16 December 2023	1 BSD = 100.9 CVE
17 December 2023	1 BSD = 100.9 CVE
18 December 2023	1 BSD = 101.2 CVE
19 December 2023	1 BSD = 101.7 CVE
20 December 2023	1 BSD = 101.1 CVE
21 December 2023	1 BSD = 101.2 CVE
22 December 2023	1 BSD = 101.0 CVE
23 December 2023	1 BSD = 100.5 CVE
24 December 2023	1 BSD = 100.1 CVE
25 December 2023	1 BSD = 100.6 CVE
26 December 2023	1 BSD = 100.7 CVE
27 December 2023	1 BSD = 100.4 CVE
28 December 2023	1 BSD = 99.86 CVE
29 December 2023	1 BSD = 99.82 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.

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.

29/12/2014: Introduction of new Bahamian dollar variants

New variants of the Bahamian dollar banknotes, featuring improved security features, were introduced to combat counterfeit money.

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.

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.

27/12/1974: Devaluation of the Bahamian dollar

The Bahamian dollar was devalued by 50% to stimulate the country's tourism industry and boost its economy.

10/07/1973: Independence from British rule

The Bahamas gained independence from British rule, maintaining the Bahamian dollar as its currency.

09/09/1969: Currency Board Agreement

The Bahamas entered into a Currency Board Agreement with the Eastern Caribbean Currency Authority, establishing fixed exchange rates for their currencies.

01/01/1966: Introduction of the Bahamian dollar

The Bahamian dollar was introduced, replacing the British pound as the official currency of the Bahamas.

06/08/1866: Adoption of the British pound

The Bahamas officially adopted the British pound sterling as their currency, replacing the Bahamian pound.

06/06/1853: Introduction of the Bahamian pound

The Bahamian pound was introduced as the official currency of the Bahamas, replacing the Spanish dollar.

Historic Bahamian dollar Cape Verdean escudo