Historic Cape Verdean escudo Mongolian Tugrik

Cape Verdean escudo mongolian tugrik history for November 2023. The highest quote for this month is 36.578 (09/11/2023) and the lowest 34.278 (29/11/2023). The difference between high and low is 6.29.

CVE MNT average rate for November 2023 is 33.91025, the change between 01/11/2023 and 30/11/2023 is -3.61 %.

01 November 20231 CVE = 33.03 MNT
06 November 20231 CVE = 33.55 MNT
07 November 20231 CVE = 33.51 MNT
08 November 20231 CVE = 33.37 MNT
09 November 20231 CVE = 36.67 MNT
10 November 20231 CVE = 33.46 MNT
12 November 20231 CVE = 33.38 MNT
13 November 20231 CVE = 33.45 MNT
14 November 20231 CVE = 33.42 MNT
15 November 20231 CVE = 33.41 MNT
16 November 20231 CVE = 33.86 MNT
17 November 20231 CVE = 33.88 MNT
18 November 20231 CVE = 33.93 MNT
19 November 20231 CVE = 33.93 MNT
20 November 20231 CVE = 34.06 MNT
21 November 20231 CVE = 34.13 MNT
22 November 20231 CVE = 34.07 MNT
23 November 20231 CVE = 34.01 MNT
24 November 20231 CVE = 34.00 MNT
26 November 20231 CVE = 34.08 MNT
27 November 20231 CVE = 34.13 MNT
28 November 20231 CVE = 34.13 MNT
29 November 20231 CVE = 34.20 MNT
30 November 20231 CVE = 34.22 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.