Historic Cape Verdean escudo Pound sterling

Cape Verdean escudo pound sterling history for January 2024. The highest quote for this month is 0.007887 (01/01/2024) and the lowest 0.007867 (01/01/2024). The difference between high and low is 0.25.

CVE GBP average rate for January 2024 is 0.0078, the change between 01/01/2024 and 31/01/2024 is +1.66 %.

01 January 20241 CVE = 0.0079 GBP
02 January 20241 CVE = 0.0079 GBP
03 January 20241 CVE = 0.0079 GBP
04 January 20241 CVE = 0.0078 GBP
05 January 20241 CVE = 0.0078 GBP
07 January 20241 CVE = 0.0079 GBP
08 January 20241 CVE = 0.0078 GBP
09 January 20241 CVE = 0.0078 GBP
10 January 20241 CVE = 0.0078 GBP
11 January 20241 CVE = 0.0078 GBP
12 January 20241 CVE = 0.0078 GBP
14 January 20241 CVE = 0.0078 GBP
15 January 20241 CVE = 0.0078 GBP
16 January 20241 CVE = 0.0078 GBP
17 January 20241 CVE = 0.0078 GBP
18 January 20241 CVE = 0.0078 GBP
19 January 20241 CVE = 0.0078 GBP
22 January 20241 CVE = 0.0078 GBP
23 January 20241 CVE = 0.0078 GBP
24 January 20241 CVE = 0.0077 GBP
25 January 20241 CVE = 0.0078 GBP
26 January 20241 CVE = 0.0078 GBP
28 January 20241 CVE = 0.0078 GBP
29 January 20241 CVE = 0.0078 GBP
30 January 20241 CVE = 0.0077 GBP
31 January 20241 CVE = 0.0077 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

01/01/2005: Decimalization of the escudo

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

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
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