Cape Verdean escudo malaysian ringgit exchange rate history (CVE MYR) December 2023

Cape Verdean escudo malaysian ringgit history for December 2023. The highest quote for this month is 0.046634 (28/12/2023) and the lowest 0.046619 (27/12/2023). The difference between high and low is 0.03.

CVE MYR average rate for December 2023 is 0.04606, the change between 01/12/2023 and 31/12/2023 is -0.19 %.

01 December 2023	1 CVE = 0.0461 MYR
02 December 2023	1 CVE = 0.0460 MYR
03 December 2023	1 CVE = 0.0460 MYR
04 December 2023	1 CVE = 0.0461 MYR
05 December 2023	1 CVE = 0.0459 MYR
06 December 2023	1 CVE = 0.0457 MYR
07 December 2023	1 CVE = 0.0457 MYR
08 December 2023	1 CVE = 0.0458 MYR
10 December 2023	1 CVE = 0.0454 MYR
11 December 2023	1 CVE = 0.0455 MYR
12 December 2023	1 CVE = 0.0457 MYR
13 December 2023	1 CVE = 0.0458 MYR
14 December 2023	1 CVE = 0.0459 MYR
15 December 2023	1 CVE = 0.0453 MYR
16 December 2023	1 CVE = 0.0463 MYR
17 December 2023	1 CVE = 0.0463 MYR
18 December 2023	1 CVE = 0.0462 MYR
19 December 2023	1 CVE = 0.0464 MYR
20 December 2023	1 CVE = 0.0466 MYR
21 December 2023	1 CVE = 0.0463 MYR
22 December 2023	1 CVE = 0.0464 MYR
23 December 2023	1 CVE = 0.0461 MYR
24 December 2023	1 CVE = 0.0462 MYR
25 December 2023	1 CVE = 0.0465 MYR
26 December 2023	1 CVE = 0.0462 MYR
27 December 2023	1 CVE = 0.0464 MYR
28 December 2023	1 CVE = 0.0466 MYR
29 December 2023	1 CVE = 0.0462 MYR

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely 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.

01/01/1998: 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.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

Historic Cape Verdean escudo Malaysian ringgit