Historic Cape Verdean escudo Mongolian Tugrik

Cape Verdean escudo mongolian tugrik history for February 2024. The highest quote for this month is 33.452 (02/02/2024) and the lowest 33.552 (02/02/2024). The difference between high and low is -0.3.

CVE MNT average rate for February 2024 is 33.20867, the change between 01/02/2024 and 29/02/2024 is +0.76 %.

01 February 20241 CVE = 33.50 MNT
02 February 20241 CVE = 33.45 MNT
03 February 20241 CVE = 33.31 MNT
04 February 20241 CVE = 33.31 MNT
05 February 20241 CVE = 33.25 MNT
06 February 20241 CVE = 33.10 MNT
07 February 20241 CVE = 33.11 MNT
08 February 20241 CVE = 33.16 MNT
09 February 20241 CVE = 33.17 MNT
12 February 20241 CVE = 33.20 MNT
13 February 20241 CVE = 33.19 MNT
14 February 20241 CVE = 32.99 MNT
15 February 20241 CVE = 33.01 MNT
16 February 20241 CVE = 33.09 MNT
17 February 20241 CVE = 33.08 MNT
18 February 20241 CVE = 33.08 MNT
19 February 20241 CVE = 33.16 MNT
20 February 20241 CVE = 33.13 MNT
21 February 20241 CVE = 33.22 MNT
22 February 20241 CVE = 33.24 MNT
23 February 20241 CVE = 33.27 MNT
24 February 20241 CVE = 33.27 MNT
25 February 20241 CVE = 33.27 MNT
26 February 20241 CVE = 33.27 MNT
27 February 20241 CVE = 33.30 MNT
28 February 20241 CVE = 33.28 MNT
29 February 20241 CVE = 33.24 MNT

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: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

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.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

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.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

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.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.