Historic Cape Verdean escudo Namibian dollar

Cape Verdean escudo namibian dollar history for February 2024. The highest quote for this month is 0.19441 (13/02/2024) and the lowest 0.1904 (27/02/2024). The difference between high and low is 2.06.

CVE NAD average rate for February 2024 is 0.18594, the change between 01/02/2024 and 29/02/2024 is -3.85 %.

01 February 20241 CVE = 0.1830 NAD
02 February 20241 CVE = 0.1829 NAD
03 February 20241 CVE = 0.1851 NAD
04 February 20241 CVE = 0.1851 NAD
05 February 20241 CVE = 0.1818 NAD
06 February 20241 CVE = 0.1858 NAD
07 February 20241 CVE = 0.1835 NAD
08 February 20241 CVE = 0.1846 NAD
09 February 20241 CVE = 0.1853 NAD
12 February 20241 CVE = 0.1860 NAD
13 February 20241 CVE = 0.1859 NAD
14 February 20241 CVE = 0.1860 NAD
15 February 20241 CVE = 0.1854 NAD
16 February 20241 CVE = 0.1850 NAD
17 February 20241 CVE = 0.1838 NAD
18 February 20241 CVE = 0.1840 NAD
19 February 20241 CVE = 0.1853 NAD
20 February 20241 CVE = 0.1845 NAD
21 February 20241 CVE = 0.1854 NAD
22 February 20241 CVE = 0.1856 NAD
23 February 20241 CVE = 0.1884 NAD
24 February 20241 CVE = 0.1897 NAD
25 February 20241 CVE = 0.1896 NAD
26 February 20241 CVE = 0.1885 NAD
27 February 20241 CVE = 0.1902 NAD
28 February 20241 CVE = 0.1902 NAD
29 February 20241 CVE = 0.1900 NAD

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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

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.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

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: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

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.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

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.
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