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

Cape Verdean escudo burundian franc history for October 2023. The highest quote for this month is 27.165 (12/10/2023) and the lowest 27.116 (21/10/2023). The difference between high and low is 0.18.

CVE BIF average rate for October 2023 is 26.71815, the change between 01/10/2023 and 31/10/2023 is -0.14 %.

01 October 2023	1 CVE = 27.08 BIF
02 October 2023	1 CVE = 27.02 BIF
03 October 2023	1 CVE = 26.84 BIF
04 October 2023	1 CVE = 26.76 BIF
05 October 2023	1 CVE = 26.98 BIF
06 October 2023	1 CVE = 26.77 BIF
07 October 2023	1 CVE = 27.08 BIF
09 October 2023	1 CVE = 26.90 BIF
10 October 2023	1 CVE = 26.80 BIF
11 October 2023	1 CVE = 27.10 BIF
12 October 2023	1 CVE = 27.18 BIF
13 October 2023	1 CVE = 26.99 BIF
16 October 2023	1 CVE = 26.81 BIF
17 October 2023	1 CVE = 27.01 BIF
18 October 2023	1 CVE = 27.05 BIF
19 October 2023	1 CVE = 26.91 BIF
20 October 2023	1 CVE = 27.04 BIF
21 October 2023	1 CVE = 27.12 BIF
22 October 2023	1 CVE = 27.12 BIF
23 October 2023	1 CVE = 26.99 BIF
24 October 2023	1 CVE = 27.34 BIF
25 October 2023	1 CVE = 19.57 BIF
26 October 2023	1 CVE = 27.07 BIF
27 October 2023	1 CVE = 27.09 BIF
30 October 2023	1 CVE = 26.93 BIF
31 October 2023	1 CVE = 27.12 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