Historic Cape Verdean escudo Kazakhstani tenge

Cape Verdean escudo kazakhstani tenge history for October 2023. The highest quote for this month is 4.6067 (07/10/2023) and the lowest 4.5943 (21/10/2023). The difference between high and low is 0.27.

CVE KZT average rate for October 2023 is 4.5493, the change between 01/10/2023 and 31/10/2023 is +1.74 %.

01 October 20231 CVE = 4.585 KZT
02 October 20231 CVE = 4.570 KZT
03 October 20231 CVE = 4.520 KZT
04 October 20231 CVE = 4.504 KZT
05 October 20231 CVE = 4.520 KZT
06 October 20231 CVE = 4.536 KZT
07 October 20231 CVE = 4.582 KZT
09 October 20231 CVE = 4.542 KZT
10 October 20231 CVE = 4.538 KZT
11 October 20231 CVE = 4.559 KZT
12 October 20231 CVE = 4.577 KZT
13 October 20231 CVE = 4.533 KZT
16 October 20231 CVE = 4.521 KZT
17 October 20231 CVE = 4.540 KZT
18 October 20231 CVE = 4.551 KZT
19 October 20231 CVE = 4.559 KZT
20 October 20231 CVE = 4.573 KZT
21 October 20231 CVE = 4.594 KZT
22 October 20231 CVE = 4.594 KZT
23 October 20231 CVE = 4.576 KZT
24 October 20231 CVE = 4.598 KZT
25 October 20231 CVE = 4.593 KZT
26 October 20231 CVE = 4.549 KZT
27 October 20231 CVE = 4.527 KZT
29 October 20231 CVE = 4.510 KZT
30 October 20231 CVE = 4.476 KZT
31 October 20231 CVE = 4.505 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.