Historic Cape Verdean escudo Burundian Franc

Cape Verdean escudo burundian franc history for February 2024. The highest quote for this month is 27.949 (27/02/2024) and the lowest 27.912 (24/02/2024). The difference between high and low is 0.13.

CVE BIF average rate for February 2024 is 27.7703, the change between 01/02/2024 and 29/02/2024 is +0.51 %.

01 February 20241 CVE = 27.91 BIF
02 February 20241 CVE = 27.88 BIF
03 February 20241 CVE = 27.80 BIF
04 February 20241 CVE = 27.80 BIF
05 February 20241 CVE = 27.91 BIF
06 February 20241 CVE = 27.58 BIF
07 February 20241 CVE = 27.66 BIF
08 February 20241 CVE = 27.71 BIF
09 February 20241 CVE = 27.68 BIF
12 February 20241 CVE = 27.63 BIF
13 February 20241 CVE = 27.75 BIF
14 February 20241 CVE = 27.58 BIF
15 February 20241 CVE = 27.61 BIF
16 February 20241 CVE = 27.71 BIF
17 February 20241 CVE = 27.70 BIF
18 February 20241 CVE = 27.70 BIF
19 February 20241 CVE = 27.66 BIF
20 February 20241 CVE = 27.66 BIF
21 February 20241 CVE = 27.84 BIF
22 February 20241 CVE = 27.86 BIF
23 February 20241 CVE = 27.90 BIF
24 February 20241 CVE = 27.91 BIF
25 February 20241 CVE = 27.91 BIF
26 February 20241 CVE = 27.80 BIF
27 February 20241 CVE = 27.94 BIF
28 February 20241 CVE = 27.95 BIF
29 February 20241 CVE = 27.77 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.
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