Bermudian dollar cape verdean escudo exchange rate history (BMD CVE) February 2024

Bermudian dollar cape verdean escudo history for February 2024. The highest quote for this month is 102.98 (14/02/2024) and the lowest 102.9 (14/02/2024). The difference between high and low is 0.08.

BMD CVE average rate for February 2024 is 102.15148, the change between 01/02/2024 and 29/02/2024 is -0.23 %.

01 February 2024	1 BMD = 101.5 CVE
02 February 2024	1 BMD = 101.7 CVE
03 February 2024	1 BMD = 102.1 CVE
04 February 2024	1 BMD = 102.1 CVE
05 February 2024	1 BMD = 102.2 CVE
06 February 2024	1 BMD = 102.6 CVE
07 February 2024	1 BMD = 102.6 CVE
08 February 2024	1 BMD = 102.4 CVE
09 February 2024	1 BMD = 102.4 CVE
12 February 2024	1 BMD = 102.3 CVE
13 February 2024	1 BMD = 102.3 CVE
14 February 2024	1 BMD = 102.9 CVE
15 February 2024	1 BMD = 102.8 CVE
16 February 2024	1 BMD = 102.5 CVE
17 February 2024	1 BMD = 102.6 CVE
18 February 2024	1 BMD = 102.6 CVE
19 February 2024	1 BMD = 102.3 CVE
20 February 2024	1 BMD = 102.3 CVE
21 February 2024	1 BMD = 102.0 CVE
22 February 2024	1 BMD = 101.9 CVE
23 February 2024	1 BMD = 101.8 CVE
24 February 2024	1 BMD = 101.8 CVE
25 February 2024	1 BMD = 101.8 CVE
26 February 2024	1 BMD = 101.8 CVE
27 February 2024	1 BMD = 101.7 CVE
28 February 2024	1 BMD = 101.7 CVE
29 February 2024	1 BMD = 101.7 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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

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.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

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.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

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.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

Historic Bermudian dollar Cape Verdean escudo