Historic Cape Verdean escudo Bermudian dollar

Cape Verdean escudo bermudian dollar history for October 2023. The highest quote for this month is 0.009635 (24/10/2023) and the lowest 0.00969 (24/10/2023). The difference between high and low is -0.57.

CVE BMD average rate for October 2023 is 0.00959, the change between 01/10/2023 and 31/10/2023 is -0.1 %.

01 October 20231 CVE = 0.0096 BMD
02 October 20231 CVE = 0.0096 BMD
03 October 20231 CVE = 0.0095 BMD
04 October 20231 CVE = 0.0095 BMD
05 October 20231 CVE = 0.0095 BMD
06 October 20231 CVE = 0.0096 BMD
07 October 20231 CVE = 0.0096 BMD
09 October 20231 CVE = 0.0096 BMD
10 October 20231 CVE = 0.0096 BMD
11 October 20231 CVE = 0.0096 BMD
12 October 20231 CVE = 0.0096 BMD
13 October 20231 CVE = 0.0096 BMD
16 October 20231 CVE = 0.0095 BMD
17 October 20231 CVE = 0.0096 BMD
18 October 20231 CVE = 0.0096 BMD
19 October 20231 CVE = 0.0096 BMD
20 October 20231 CVE = 0.0096 BMD
21 October 20231 CVE = 0.0096 BMD
22 October 20231 CVE = 0.0096 BMD
23 October 20231 CVE = 0.0096 BMD
24 October 20231 CVE = 0.0097 BMD
25 October 20231 CVE = 0.0097 BMD
26 October 20231 CVE = 0.0096 BMD
27 October 20231 CVE = 0.0096 BMD
29 October 20231 CVE = 0.0096 BMD
30 October 20231 CVE = 0.0096 BMD
31 October 20231 CVE = 0.0096 BMD

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.
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