Burundian Franc cape verdean escudo exchange rate history (BIF CVE) August 2023

Burundian Franc cape verdean escudo history for August 2023. The highest quote for this month is 0.036391 (29/08/2023) and the lowest 0.036378 (29/08/2023). The difference between high and low is 0.04.

BIF CVE average rate for August 2023 is 0.036, the change between 01/08/2023 and 31/08/2023 is -1.07 %.

01 August 2023	1 BIF = 0.0357 CVE
02 August 2023	1 BIF = 0.0358 CVE
03 August 2023	1 BIF = 0.0358 CVE
04 August 2023	1 BIF = 0.0359 CVE
07 August 2023	1 BIF = 0.0359 CVE
08 August 2023	1 BIF = 0.0359 CVE
09 August 2023	1 BIF = 0.0359 CVE
10 August 2023	1 BIF = 0.0358 CVE
11 August 2023	1 BIF = 0.0356 CVE
12 August 2023	1 BIF = 0.0357 CVE
14 August 2023	1 BIF = 0.0357 CVE
15 August 2023	1 BIF = 0.0360 CVE
16 August 2023	1 BIF = 0.0360 CVE
17 August 2023	1 BIF = 0.0359 CVE
18 August 2023	1 BIF = 0.0361 CVE
19 August 2023	1 BIF = 0.0361 CVE
20 August 2023	1 BIF = 0.0361 CVE
21 August 2023	1 BIF = 0.0361 CVE
22 August 2023	1 BIF = 0.0360 CVE
23 August 2023	1 BIF = 0.0362 CVE
24 August 2023	1 BIF = 0.0362 CVE
25 August 2023	1 BIF = 0.0362 CVE
27 August 2023	1 BIF = 0.0362 CVE
28 August 2023	1 BIF = 0.0363 CVE
29 August 2023	1 BIF = 0.0364 CVE
30 August 2023	1 BIF = 0.0364 CVE
31 August 2023	1 BIF = 0.0361 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

Historic Burundian Franc Cape Verdean escudo