Cape Verdean escudo maldivian rufiyaa exchange rate history (CVE MVR) February 2024

Cape Verdean escudo maldivian rufiyaa history for February 2024. The highest quote for this month is 0.15147 (24/02/2024) and the lowest 0.15147 (24/02/2024). The difference between high and low is 0.

CVE MVR average rate for February 2024 is 0.1494, the change between 01/02/2024 and 29/02/2024 is +0.55 %.

01 February 2024	1 CVE = 0.1503 MVR
02 February 2024	1 CVE = 0.1500 MVR
03 February 2024	1 CVE = 0.1510 MVR
04 February 2024	1 CVE = 0.1510 MVR
05 February 2024	1 CVE = 0.1492 MVR
06 February 2024	1 CVE = 0.1486 MVR
07 February 2024	1 CVE = 0.1484 MVR
08 February 2024	1 CVE = 0.1489 MVR
09 February 2024	1 CVE = 0.1485 MVR
12 February 2024	1 CVE = 0.1481 MVR
13 February 2024	1 CVE = 0.1481 MVR
14 February 2024	1 CVE = 0.1472 MVR
15 February 2024	1 CVE = 0.1479 MVR
16 February 2024	1 CVE = 0.1488 MVR
17 February 2024	1 CVE = 0.1504 MVR
18 February 2024	1 CVE = 0.1504 MVR
19 February 2024	1 CVE = 0.1491 MVR
20 February 2024	1 CVE = 0.1491 MVR
21 February 2024	1 CVE = 0.1490 MVR
22 February 2024	1 CVE = 0.1492 MVR
23 February 2024	1 CVE = 0.1493 MVR
24 February 2024	1 CVE = 0.1515 MVR
25 February 2024	1 CVE = 0.1515 MVR
26 February 2024	1 CVE = 0.1494 MVR
27 February 2024	1 CVE = 0.1496 MVR
28 February 2024	1 CVE = 0.1496 MVR
29 February 2024	1 CVE = 0.1495 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

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.

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.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

Historic Cape Verdean escudo Maldivian rufiyaa