Historic Cape Verdean escudo Panamanian Balboa

Cape Verdean escudo panamanian balboa history for January 2024. The highest quote for this month is 0.00999 (07/01/2024) and the lowest 0.00999 (06/01/2024). The difference between high and low is 0.

CVE PAB average rate for January 2024 is 0.00972, the change between 01/01/2024 and 31/01/2024 is +2.17 %.

01 January 20241 CVE = 0.0098 PAB
02 January 20241 CVE = 0.0098 PAB
03 January 20241 CVE = 0.0098 PAB
04 January 20241 CVE = 0.0097 PAB
05 January 20241 CVE = 0.0097 PAB
06 January 20241 CVE = 0.0100 PAB
07 January 20241 CVE = 0.0100 PAB
08 January 20241 CVE = 0.0097 PAB
09 January 20241 CVE = 0.0097 PAB
10 January 20241 CVE = 0.0097 PAB
11 January 20241 CVE = 0.0097 PAB
12 January 20241 CVE = 0.0097 PAB
14 January 20241 CVE = 0.0099 PAB
15 January 20241 CVE = 0.0097 PAB
16 January 20241 CVE = 0.0097 PAB
17 January 20241 CVE = 0.0097 PAB
18 January 20241 CVE = 0.0096 PAB
19 January 20241 CVE = 0.0096 PAB
22 January 20241 CVE = 0.0096 PAB
23 January 20241 CVE = 0.0097 PAB
24 January 20241 CVE = 0.0096 PAB
25 January 20241 CVE = 0.0097 PAB
26 January 20241 CVE = 0.0096 PAB
28 January 20241 CVE = 0.0099 PAB
29 January 20241 CVE = 0.0096 PAB
30 January 20241 CVE = 0.0096 PAB
31 January 20241 CVE = 0.0096 PAB

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
CVE PAB January 2024
CVE PAB February 2024
CVE PAB March 2024
CVE PAB April 2024
CVE PAB May 2024
CVE PAB June 2024
CVE PAB July 2024
CVE PAB August 2024
CVE PAB September 2024
CVE PAB October 2024
CVE PAB November 2024
CVE PAB December 2024
CVE PAB January 2025