Cape Verdean escudo north korean won exchange rate history (CVE KPW) December 2023

Cape Verdean escudo north korean won history for December 2023. The highest quote for this month is 9.071 (28/12/2023) and the lowest 9.078 (28/12/2023). The difference between high and low is -0.08.

CVE KPW average rate for December 2023 is 8.89572, the change between 01/12/2023 and 31/12/2023 is -1.32 %.

01 December 2023	1 CVE = 8.91 KPW
02 December 2023	1 CVE = 8.87 KPW
03 December 2023	1 CVE = 8.87 KPW
04 December 2023	1 CVE = 8.89 KPW
05 December 2023	1 CVE = 8.84 KPW
06 December 2023	1 CVE = 8.81 KPW
07 December 2023	1 CVE = 8.81 KPW
08 December 2023	1 CVE = 8.81 KPW
10 December 2023	1 CVE = 8.77 KPW
11 December 2023	1 CVE = 8.79 KPW
12 December 2023	1 CVE = 8.79 KPW
13 December 2023	1 CVE = 8.81 KPW
14 December 2023	1 CVE = 8.80 KPW
15 December 2023	1 CVE = 8.74 KPW
16 December 2023	1 CVE = 8.92 KPW
17 December 2023	1 CVE = 8.92 KPW
18 December 2023	1 CVE = 8.90 KPW
19 December 2023	1 CVE = 8.91 KPW
20 December 2023	1 CVE = 8.96 KPW
21 December 2023	1 CVE = 8.96 KPW
22 December 2023	1 CVE = 8.97 KPW
23 December 2023	1 CVE = 8.96 KPW
24 December 2023	1 CVE = 8.99 KPW
25 December 2023	1 CVE = 8.99 KPW
26 December 2023	1 CVE = 8.98 KPW
27 December 2023	1 CVE = 9.01 KPW
28 December 2023	1 CVE = 9.07 KPW
29 December 2023	1 CVE = 9.03 KPW

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.

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

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.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

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.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

Historic Cape Verdean escudo North Korean won