Barbadian dollar cape verdean escudo exchange rate history (BBD CVE) February 2024

Barbadian dollar cape verdean escudo history for February 2024. The highest quote for this month is 52.113 (15/02/2024) and the lowest 52.17 (14/02/2024). The difference between high and low is -0.11.

BBD CVE average rate for February 2024 is 51.61459, the change between 01/02/2024 and 29/02/2024 is -0.26 %.

01 February 2024	1 BBD = 51.54 CVE
02 February 2024	1 BBD = 51.54 CVE
03 February 2024	1 BBD = 51.05 CVE
04 February 2024	1 BBD = 51.05 CVE
05 February 2024	1 BBD = 51.35 CVE
06 February 2024	1 BBD = 51.98 CVE
07 February 2024	1 BBD = 51.98 CVE
08 February 2024	1 BBD = 51.90 CVE
09 February 2024	1 BBD = 51.86 CVE
12 February 2024	1 BBD = 51.89 CVE
13 February 2024	1 BBD = 51.87 CVE
14 February 2024	1 BBD = 52.16 CVE
15 February 2024	1 BBD = 52.09 CVE
16 February 2024	1 BBD = 51.99 CVE
17 February 2024	1 BBD = 51.28 CVE
18 February 2024	1 BBD = 51.28 CVE
19 February 2024	1 BBD = 51.86 CVE
20 February 2024	1 BBD = 51.87 CVE
21 February 2024	1 BBD = 51.70 CVE
22 February 2024	1 BBD = 51.66 CVE
23 February 2024	1 BBD = 51.58 CVE
24 February 2024	1 BBD = 50.90 CVE
25 February 2024	1 BBD = 50.90 CVE
26 February 2024	1 BBD = 51.62 CVE
27 February 2024	1 BBD = 51.53 CVE
28 February 2024	1 BBD = 51.54 CVE
29 February 2024	1 BBD = 51.67 CVE

26/06/2020: Currency peg under review

Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.

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.

05/08/2013: Devaluation of currency

Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.

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.

24/07/1995: New currency design

Barbados introduced a new design for its currency, featuring national symbols and landmarks.

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.

05/05/1975: Introduction of decimalization

Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.

01/01/1973: Fixed exchange rate

Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.

03/07/1972: Barbados gains independence

Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.

01/10/1935: Introduction of Barbadian Dollar

The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.

Historic Barbadian dollar Cape Verdean escudo