Cape Verdean escudo burundian franc exchange rate history (CVE BIF) December 2023

Cape Verdean escudo burundian franc history for December 2023. The highest quote for this month is 28.522 (28/12/2023) and the lowest 28.448 (27/12/2023). The difference between high and low is 0.26.

CVE BIF average rate for December 2023 is 27.95329, the change between 01/12/2023 and 31/12/2023 is -1.54 %.

01 December 2023	1 CVE = 27.97 BIF
02 December 2023	1 CVE = 27.89 BIF
03 December 2023	1 CVE = 27.89 BIF
04 December 2023	1 CVE = 27.86 BIF
05 December 2023	1 CVE = 27.75 BIF
06 December 2023	1 CVE = 27.67 BIF
07 December 2023	1 CVE = 27.62 BIF
08 December 2023	1 CVE = 27.71 BIF
10 December 2023	1 CVE = 27.58 BIF
11 December 2023	1 CVE = 27.57 BIF
12 December 2023	1 CVE = 27.63 BIF
13 December 2023	1 CVE = 27.61 BIF
14 December 2023	1 CVE = 27.58 BIF
15 December 2023	1 CVE = 27.48 BIF
16 December 2023	1 CVE = 28.06 BIF
17 December 2023	1 CVE = 28.06 BIF
18 December 2023	1 CVE = 28.06 BIF
19 December 2023	1 CVE = 27.99 BIF
20 December 2023	1 CVE = 28.20 BIF
21 December 2023	1 CVE = 28.16 BIF
22 December 2023	1 CVE = 28.21 BIF
23 December 2023	1 CVE = 28.18 BIF
24 December 2023	1 CVE = 28.30 BIF
25 December 2023	1 CVE = 28.22 BIF
26 December 2023	1 CVE = 28.22 BIF
27 December 2023	1 CVE = 28.34 BIF
28 December 2023	1 CVE = 28.52 BIF
29 December 2023	1 CVE = 28.40 BIF

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 Cape Verdean escudo Burundian Franc