Cape Verdean escudo costa rican colón exchange rate history (CVE CRC) December 2023

Cape Verdean escudo costa rican colón history for December 2023. The highest quote for this month is 5.2274 (02/12/2023) and the lowest 5.2274 (02/12/2023). The difference between high and low is 0.

CVE CRC average rate for December 2023 is 5.09778, the change between 01/12/2023 and 31/12/2023 is +0.26 %.

01 December 2023	1 CVE = 5.12 CRC
02 December 2023	1 CVE = 5.23 CRC
03 December 2023	1 CVE = 5.23 CRC
04 December 2023	1 CVE = 5.10 CRC
05 December 2023	1 CVE = 5.07 CRC
06 December 2023	1 CVE = 5.04 CRC
07 December 2023	1 CVE = 5.04 CRC
08 December 2023	1 CVE = 5.05 CRC
10 December 2023	1 CVE = 5.13 CRC
11 December 2023	1 CVE = 5.03 CRC
12 December 2023	1 CVE = 5.02 CRC
13 December 2023	1 CVE = 5.04 CRC
14 December 2023	1 CVE = 5.03 CRC
15 December 2023	1 CVE = 4.978 CRC
16 December 2023	1 CVE = 5.18 CRC
17 December 2023	1 CVE = 5.18 CRC
18 December 2023	1 CVE = 5.10 CRC
19 December 2023	1 CVE = 5.06 CRC
20 December 2023	1 CVE = 5.09 CRC
21 December 2023	1 CVE = 5.07 CRC
22 December 2023	1 CVE = 5.08 CRC
23 December 2023	1 CVE = 5.18 CRC
24 December 2023	1 CVE = 5.20 CRC
25 December 2023	1 CVE = 5.08 CRC
26 December 2023	1 CVE = 5.08 CRC
27 December 2023	1 CVE = 5.10 CRC
28 December 2023	1 CVE = 5.12 CRC
29 December 2023	1 CVE = 5.10 CRC

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.

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.

Historic Cape Verdean escudo Costa Rican colón