Cape Verdean escudo new zealand dollar exchange rate history (CVE NZD) February 2024

Cape Verdean escudo new zealand dollar history for February 2024. The highest quote for this month is 0.016228 (02/02/2024) and the lowest 0.016179 (03/02/2024). The difference between high and low is 0.3.

CVE NZD average rate for February 2024 is 0.01597, the change between 01/02/2024 and 29/02/2024 is -0.01 %.

01 February 2024	1 CVE = 0.0161 NZD
02 February 2024	1 CVE = 0.0160 NZD
03 February 2024	1 CVE = 0.0161 NZD
04 February 2024	1 CVE = 0.0161 NZD
05 February 2024	1 CVE = 0.0161 NZD
06 February 2024	1 CVE = 0.0161 NZD
07 February 2024	1 CVE = 0.0160 NZD
08 February 2024	1 CVE = 0.0160 NZD
09 February 2024	1 CVE = 0.0160 NZD
12 February 2024	1 CVE = 0.0159 NZD
13 February 2024	1 CVE = 0.0160 NZD
14 February 2024	1 CVE = 0.0160 NZD
15 February 2024	1 CVE = 0.0160 NZD
16 February 2024	1 CVE = 0.0160 NZD
17 February 2024	1 CVE = 0.0159 NZD
18 February 2024	1 CVE = 0.0159 NZD
19 February 2024	1 CVE = 0.0159 NZD
20 February 2024	1 CVE = 0.0159 NZD
21 February 2024	1 CVE = 0.0159 NZD
22 February 2024	1 CVE = 0.0159 NZD
23 February 2024	1 CVE = 0.0159 NZD
24 February 2024	1 CVE = 0.0159 NZD
25 February 2024	1 CVE = 0.0158 NZD
26 February 2024	1 CVE = 0.0159 NZD
27 February 2024	1 CVE = 0.0160 NZD
28 February 2024	1 CVE = 0.0159 NZD
29 February 2024	1 CVE = 0.0161 NZD

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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

Historic Cape Verdean escudo New Zealand Dollar