Cape Verdean escudo malaysian ringgit exchange rate history (CVE MYR) February 2024

Cape Verdean escudo malaysian ringgit history for February 2024. The highest quote for this month is 0.047059 (22/02/2024) and the lowest 0.047002 (21/02/2024). The difference between high and low is 0.12.

CVE MYR average rate for February 2024 is 0.04662, the change between 01/02/2024 and 29/02/2024 is -0.6 %.

01 February 2024	1 CVE = 0.0466 MYR
02 February 2024	1 CVE = 0.0465 MYR
03 February 2024	1 CVE = 0.0462 MYR
04 February 2024	1 CVE = 0.0462 MYR
05 February 2024	1 CVE = 0.0461 MYR
06 February 2024	1 CVE = 0.0463 MYR
07 February 2024	1 CVE = 0.0464 MYR
08 February 2024	1 CVE = 0.0465 MYR
09 February 2024	1 CVE = 0.0466 MYR
12 February 2024	1 CVE = 0.0466 MYR
13 February 2024	1 CVE = 0.0466 MYR
14 February 2024	1 CVE = 0.0463 MYR
15 February 2024	1 CVE = 0.0466 MYR
16 February 2024	1 CVE = 0.0466 MYR
17 February 2024	1 CVE = 0.0466 MYR
18 February 2024	1 CVE = 0.0466 MYR
19 February 2024	1 CVE = 0.0467 MYR
20 February 2024	1 CVE = 0.0468 MYR
21 February 2024	1 CVE = 0.0470 MYR
22 February 2024	1 CVE = 0.0470 MYR
23 February 2024	1 CVE = 0.0469 MYR
24 February 2024	1 CVE = 0.0469 MYR
25 February 2024	1 CVE = 0.0469 MYR
26 February 2024	1 CVE = 0.0469 MYR
27 February 2024	1 CVE = 0.0470 MYR
28 February 2024	1 CVE = 0.0468 MYR
29 February 2024	1 CVE = 0.0469 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