Cape Verdean escudo colombian peso exchange rate history (CVE COP) October 2023

Cape Verdean escudo colombian peso history for October 2023. The highest quote for this month is 42.535 (07/10/2023) and the lowest 41.334 (07/10/2023). The difference between high and low is 2.82.

CVE COP average rate for October 2023 is 40.38211, the change between 01/10/2023 and 31/10/2023 is +0.27 %.

01 October 2023	1 CVE = 39.14 COP
02 October 2023	1 CVE = 39.13 COP
03 October 2023	1 CVE = 39.62 COP
04 October 2023	1 CVE = 40.04 COP
05 October 2023	1 CVE = 40.81 COP
06 October 2023	1 CVE = 41.59 COP
07 October 2023	1 CVE = 41.52 COP
09 October 2023	1 CVE = 41.59 COP
10 October 2023	1 CVE = 41.21 COP
11 October 2023	1 CVE = 40.63 COP
12 October 2023	1 CVE = 40.61 COP
13 October 2023	1 CVE = 40.84 COP
16 October 2023	1 CVE = 40.38 COP
17 October 2023	1 CVE = 40.57 COP
18 October 2023	1 CVE = 40.24 COP
19 October 2023	1 CVE = 40.67 COP
20 October 2023	1 CVE = 40.82 COP
21 October 2023	1 CVE = 40.61 COP
22 October 2023	1 CVE = 40.61 COP
23 October 2023	1 CVE = 40.72 COP
24 October 2023	1 CVE = 40.79 COP
25 October 2023	1 CVE = 40.81 COP
26 October 2023	1 CVE = 40.17 COP
27 October 2023	1 CVE = 39.70 COP
29 October 2023	1 CVE = 39.32 COP
30 October 2023	1 CVE = 39.17 COP
31 October 2023	1 CVE = 39.03 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Cape Verdean escudo Colombian Peso