Cape Verdean escudo jamaican dollar exchange rate history (CVE JMD) February 2024

Cape Verdean escudo jamaican dollar history for February 2024. The highest quote for this month is 1.5272 (24/02/2024) and the lowest 1.5239 (26/02/2024). The difference between high and low is 0.22.

CVE JMD average rate for February 2024 is 1.51518, the change between 01/02/2024 and 29/02/2024 is -0.15 %.

01 February 2024	1 CVE = 1.514 JMD
02 February 2024	1 CVE = 1.514 JMD
03 February 2024	1 CVE = 1.519 JMD
04 February 2024	1 CVE = 1.519 JMD
05 February 2024	1 CVE = 1.524 JMD
06 February 2024	1 CVE = 1.506 JMD
07 February 2024	1 CVE = 1.506 JMD
08 February 2024	1 CVE = 1.508 JMD
09 February 2024	1 CVE = 1.504 JMD
12 February 2024	1 CVE = 1.512 JMD
13 February 2024	1 CVE = 1.513 JMD
14 February 2024	1 CVE = 1.503 JMD
15 February 2024	1 CVE = 1.510 JMD
16 February 2024	1 CVE = 1.515 JMD
17 February 2024	1 CVE = 1.520 JMD
18 February 2024	1 CVE = 1.520 JMD
19 February 2024	1 CVE = 1.514 JMD
20 February 2024	1 CVE = 1.515 JMD
21 February 2024	1 CVE = 1.520 JMD
22 February 2024	1 CVE = 1.520 JMD
23 February 2024	1 CVE = 1.523 JMD
24 February 2024	1 CVE = 1.513 JMD
25 February 2024	1 CVE = 1.527 JMD
26 February 2024	1 CVE = 1.519 JMD
27 February 2024	1 CVE = 1.523 JMD
28 February 2024	1 CVE = 1.517 JMD
29 February 2024	1 CVE = 1.516 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

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.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

Historic Cape Verdean escudo Jamaican Dollar