Historic Cape Verdean escudo Comorian Franc

Cape Verdean escudo comorian franc history for January 2024. The highest quote for this month is 4.511 (07/01/2024) and the lowest 4.511 (07/01/2024). The difference between high and low is 0.

CVE KMF average rate for January 2024 is 4.46415, the change between 01/01/2024 and 31/01/2024 is -0.41 %.

01 January 20241 CVE = 4.444 KMF
02 January 20241 CVE = 4.455 KMF
03 January 20241 CVE = 4.460 KMF
04 January 20241 CVE = 4.469 KMF
05 January 20241 CVE = 4.462 KMF
06 January 20241 CVE = 4.511 KMF
07 January 20241 CVE = 4.511 KMF
08 January 20241 CVE = 4.462 KMF
09 January 20241 CVE = 4.471 KMF
10 January 20241 CVE = 4.459 KMF
11 January 20241 CVE = 4.462 KMF
12 January 20241 CVE = 4.462 KMF
14 January 20241 CVE = 4.463 KMF
15 January 20241 CVE = 4.460 KMF
16 January 20241 CVE = 4.456 KMF
17 January 20241 CVE = 4.431 KMF
18 January 20241 CVE = 4.459 KMF
19 January 20241 CVE = 4.465 KMF
22 January 20241 CVE = 4.472 KMF
23 January 20241 CVE = 4.462 KMF
24 January 20241 CVE = 4.437 KMF
25 January 20241 CVE = 4.464 KMF
26 January 20241 CVE = 4.474 KMF
28 January 20241 CVE = 4.468 KMF
29 January 20241 CVE = 4.470 KMF
30 January 20241 CVE = 4.461 KMF
31 January 20241 CVE = 4.462 KMF

18/01/2021: Suspension of Eco adoption

The Central Bank of the Comoros suspended the adoption of the Eco currency, retaining the Comorian Franc as the official currency.

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.

01/01/2019: Replacement of the Franc by the Eco

Comoros agreed to replace the Comorian Franc with the proposed Eco currency, along with other West African countries.

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.

01/01/2005: Decimalization of the escudo

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

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.

01/07/1997: Revaluation of the Comorian Franc

The Comorian Franc was revalued at a ratio of 1 new Franc to 75 old Francs, reducing the value of the currency.

20/06/1994: Introduction of the New Comorian Franc

Comoros introduced a new series of banknotes and coins, replacing the old Comorian Franc.

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.

01/01/1976: Establishment of the Central Bank of Comoros

The Central Bank of Comoros was established to manage the monetary policies and issue the Comorian Franc.

06/07/1975: Independence of Comoros

Comoros gained independence from France, but continued using the Comorian Franc as its currency.

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.

01/01/1920: Introduction of the Comorian Franc

The Comorian Franc was introduced as the official currency of Comoros by the French colonial administration.
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