Historic Cape Verdean escudo New Zealand Dollar

Cape Verdean escudo new zealand dollar history for January 2024. The highest quote for this month is 0.016246 (23/01/2024) and the lowest 0.016179 (28/01/2024). The difference between high and low is 0.41.

CVE NZD average rate for January 2024 is 0.01602, the change between 01/01/2024 and 31/01/2024 is -1.08 %.

01 January 20241 CVE = 0.0159 NZD
02 January 20241 CVE = 0.0159 NZD
03 January 20241 CVE = 0.0160 NZD
04 January 20241 CVE = 0.0159 NZD
05 January 20241 CVE = 0.0159 NZD
06 January 20241 CVE = 0.0160 NZD
07 January 20241 CVE = 0.0160 NZD
08 January 20241 CVE = 0.0159 NZD
09 January 20241 CVE = 0.0159 NZD
10 January 20241 CVE = 0.0159 NZD
11 January 20241 CVE = 0.0160 NZD
12 January 20241 CVE = 0.0159 NZD
14 January 20241 CVE = 0.0159 NZD
15 January 20241 CVE = 0.0160 NZD
16 January 20241 CVE = 0.0161 NZD
17 January 20241 CVE = 0.0161 NZD
18 January 20241 CVE = 0.0161 NZD
19 January 20241 CVE = 0.0161 NZD
22 January 20241 CVE = 0.0162 NZD
23 January 20241 CVE = 0.0163 NZD
24 January 20241 CVE = 0.0161 NZD
25 January 20241 CVE = 0.0162 NZD
26 January 20241 CVE = 0.0161 NZD
28 January 20241 CVE = 0.0162 NZD
29 January 20241 CVE = 0.0162 NZD
30 January 20241 CVE = 0.0160 NZD
31 January 20241 CVE = 0.0160 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.