Cape Verdean escudo australian dollar exchange rate history (CVE AUD) February 2024

Cape Verdean escudo australian dollar history for February 2024. The highest quote for this month is 0.015135 (29/02/2024) and the lowest 0.015065 (03/02/2024). The difference between high and low is 0.46.

CVE AUD average rate for February 2024 is 0.01499, the change between 01/02/2024 and 29/02/2024 is -0.8 %.

01 February 2024	1 CVE = 0.0150 AUD
02 February 2024	1 CVE = 0.0150 AUD
03 February 2024	1 CVE = 0.0150 AUD
04 February 2024	1 CVE = 0.0150 AUD
05 February 2024	1 CVE = 0.0150 AUD
06 February 2024	1 CVE = 0.0150 AUD
07 February 2024	1 CVE = 0.0149 AUD
08 February 2024	1 CVE = 0.0150 AUD
09 February 2024	1 CVE = 0.0150 AUD
12 February 2024	1 CVE = 0.0150 AUD
13 February 2024	1 CVE = 0.0150 AUD
14 February 2024	1 CVE = 0.0151 AUD
15 February 2024	1 CVE = 0.0150 AUD
16 February 2024	1 CVE = 0.0150 AUD
17 February 2024	1 CVE = 0.0149 AUD
18 February 2024	1 CVE = 0.0149 AUD
19 February 2024	1 CVE = 0.0150 AUD
20 February 2024	1 CVE = 0.0150 AUD
21 February 2024	1 CVE = 0.0150 AUD
22 February 2024	1 CVE = 0.0150 AUD
23 February 2024	1 CVE = 0.0150 AUD
24 February 2024	1 CVE = 0.0150 AUD
25 February 2024	1 CVE = 0.0150 AUD
26 February 2024	1 CVE = 0.0150 AUD
27 February 2024	1 CVE = 0.0150 AUD
28 February 2024	1 CVE = 0.0150 AUD
29 February 2024	1 CVE = 0.0151 AUD

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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

Historic Cape Verdean escudo Australian dollar