Historic Cape Verdean escudo Angolan kwanza

Cape Verdean escudo angolan kwanza history for February 2024. The highest quote for this month is 8.1535 (02/02/2024) and the lowest 8.179 (02/02/2024). The difference between high and low is -0.31.

CVE AOA average rate for February 2024 is 8.11154, the change between 01/02/2024 and 29/02/2024 is +0.27 %.

01 February 20241 CVE = 8.17 AOA
02 February 20241 CVE = 8.15 AOA
05 February 20241 CVE = 8.11 AOA
06 February 20241 CVE = 8.07 AOA
07 February 20241 CVE = 8.07 AOA
08 February 20241 CVE = 8.09 AOA
09 February 20241 CVE = 8.09 AOA
14 February 20241 CVE = 8.05 AOA
15 February 20241 CVE = 8.06 AOA
16 February 20241 CVE = 8.08 AOA
19 February 20241 CVE = 8.10 AOA
20 February 20241 CVE = 8.10 AOA
21 February 20241 CVE = 8.12 AOA
22 February 20241 CVE = 8.13 AOA
23 February 20241 CVE = 8.14 AOA
26 February 20241 CVE = 8.14 AOA
27 February 20241 CVE = 8.15 AOA
28 February 20241 CVE = 8.15 AOA
29 February 20241 CVE = 8.14 AOA

01/01/2022: Currency Floatation

Angola transitioned from a fixed exchange rate to a floating exchange rate system, allowing the Kwanza's value to be determined by the market forces of supply and demand.

30/10/2020: Kwanza Devaluation

In response to economic challenges, Angola devalued the Kwanza by approximately 24%, increasing the exchange rate from 165 to 195 Kwanzas per US dollar.

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.

15/04/2013: Currency Redesign

Angola launched a new series of banknotes, featuring improved security features and new designs to reflect national landmarks and culture.

01/01/2005: Decimalization of the escudo

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

08/11/1999: Return to Kwanza

Angola reintroduced the Kwanza as the official currency, replacing the Kwanza Reajustado, at a rate of 1,000 Kwanza Reajustado to 1 Kwanza.

18/02/1999: Introduction of Kwanza Reajustado

Kwanza Reajustado was introduced as a temporary currency, with 1 Kwanza Reajustado equal to 1,000 regular Kwanzas.

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.

31/03/1990: Kwanza Revaluation

In an attempt to combat hyperinflation, the government redenominated the currency, with 1 new Kwanza equal to 1,000 old Kwanzas.

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.

08/01/1977: Introduction of the Kwanza

Angola introduced the first Kwanza currency, replacing the Portuguese Escudo, with 1 Kwanza equal to 1 Escudo.

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.