Historic Cape Verdean escudo Kazakhstani tenge

Cape Verdean escudo kazakhstani tenge history for August 2023. The highest quote for this month is 4.5427 (30/08/2023) and the lowest 4.5498 (17/08/2023). The difference between high and low is -0.16.

CVE KZT average rate for August 2023 is 4.45529, the change between 01/08/2023 and 31/08/2023 is -3.02 %.

01 August 20231 CVE = 4.415 KZT
02 August 20231 CVE = 4.402 KZT
03 August 20231 CVE = 4.400 KZT
04 August 20231 CVE = 4.393 KZT
07 August 20231 CVE = 4.394 KZT
08 August 20231 CVE = 4.419 KZT
09 August 20231 CVE = 4.410 KZT
10 August 20231 CVE = 4.413 KZT
11 August 20231 CVE = 4.426 KZT
12 August 20231 CVE = 4.442 KZT
14 August 20231 CVE = 4.426 KZT
15 August 20231 CVE = 4.427 KZT
16 August 20231 CVE = 4.449 KZT
17 August 20231 CVE = 4.530 KZT
18 August 20231 CVE = 4.509 KZT
19 August 20231 CVE = 4.470 KZT
20 August 20231 CVE = 4.470 KZT
21 August 20231 CVE = 4.446 KZT
22 August 20231 CVE = 4.457 KZT
23 August 20231 CVE = 4.434 KZT
24 August 20231 CVE = 4.516 KZT
25 August 20231 CVE = 4.486 KZT
28 August 20231 CVE = 4.528 KZT
29 August 20231 CVE = 4.519 KZT
30 August 20231 CVE = 4.509 KZT
31 August 20231 CVE = 4.548 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect 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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.