Historic Cape Verdean escudo Hong Kong dollar

Cape Verdean escudo hong kong dollar history for November 2020. The highest quote for this month is 0.083932 (30/11/2020) and the lowest 0.084241 (30/11/2020). The difference between high and low is -0.37.

CVE HKD average rate for November 2020 is 0.08313, the change between 01/11/2020 and 30/11/2020 is -2.12 %.

02 November 20201 CVE = 0.0822 HKD
03 November 20201 CVE = 0.0818 HKD
04 November 20201 CVE = 0.0823 HKD
05 November 20201 CVE = 0.0824 HKD
06 November 20201 CVE = 0.0833 HKD
09 November 20201 CVE = 0.0835 HKD
10 November 20201 CVE = 0.0831 HKD
11 November 20201 CVE = 0.0831 HKD
12 November 20201 CVE = 0.0827 HKD
13 November 20201 CVE = 0.0829 HKD
16 November 20201 CVE = 0.0834 HKD
17 November 20201 CVE = 0.0833 HKD
18 November 20201 CVE = 0.0834 HKD
19 November 20201 CVE = 0.0834 HKD
20 November 20201 CVE = 0.0833 HKD
23 November 20201 CVE = 0.0834 HKD
24 November 20201 CVE = 0.0835 HKD
25 November 20201 CVE = 0.0834 HKD
26 November 20201 CVE = 0.0838 HKD
27 November 20201 CVE = 0.0837 HKD
30 November 20201 CVE = 0.0839 HKD

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.