Historic Cape Verdean escudo Malagasy Ariary

Cape Verdean escudo malagasy ariary history for January 2024. The highest quote for this month is 45.847 (07/01/2024) and the lowest 45.847 (07/01/2024). The difference between high and low is 0.

CVE MGA average rate for January 2024 is 44.98178, the change between 01/01/2024 and 31/01/2024 is +3.36 %.

01 January 20241 CVE = 45.84 MGA
02 January 20241 CVE = 45.84 MGA
03 January 20241 CVE = 45.69 MGA
04 January 20241 CVE = 45.23 MGA
05 January 20241 CVE = 45.41 MGA
06 January 20241 CVE = 45.85 MGA
07 January 20241 CVE = 45.85 MGA
08 January 20241 CVE = 45.03 MGA
09 January 20241 CVE = 45.55 MGA
10 January 20241 CVE = 44.89 MGA
11 January 20241 CVE = 45.10 MGA
12 January 20241 CVE = 44.99 MGA
14 January 20241 CVE = 45.43 MGA
15 January 20241 CVE = 44.94 MGA
16 January 20241 CVE = 44.81 MGA
17 January 20241 CVE = 44.55 MGA
18 January 20241 CVE = 44.73 MGA
19 January 20241 CVE = 44.75 MGA
22 January 20241 CVE = 44.57 MGA
23 January 20241 CVE = 44.67 MGA
24 January 20241 CVE = 44.23 MGA
25 January 20241 CVE = 44.69 MGA
26 January 20241 CVE = 44.63 MGA
28 January 20241 CVE = 44.70 MGA
29 January 20241 CVE = 44.16 MGA
30 January 20241 CVE = 44.12 MGA
31 January 20241 CVE = 44.30 MGA

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

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.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

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.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

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.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.
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