Cape Verdean escudo panamanian balboa exchange rate history (CVE PAB) October 2023

Cape Verdean escudo panamanian balboa history for October 2023. The highest quote for this month is 0.009606 (21/10/2023) and the lowest 0.009606 (21/10/2023). The difference between high and low is 0.

CVE PAB average rate for October 2023 is 0.0094, the change between 01/10/2023 and 31/10/2023 is +2.34 %.

01 October 2023	1 CVE = 0.0096 PAB
02 October 2023	1 CVE = 0.0094 PAB
03 October 2023	1 CVE = 0.0093 PAB
04 October 2023	1 CVE = 0.0093 PAB
05 October 2023	1 CVE = 0.0093 PAB
06 October 2023	1 CVE = 0.0093 PAB
07 October 2023	1 CVE = 0.0096 PAB
09 October 2023	1 CVE = 0.0093 PAB
10 October 2023	1 CVE = 0.0093 PAB
11 October 2023	1 CVE = 0.0094 PAB
12 October 2023	1 CVE = 0.0094 PAB
13 October 2023	1 CVE = 0.0093 PAB
16 October 2023	1 CVE = 0.0093 PAB
17 October 2023	1 CVE = 0.0093 PAB
18 October 2023	1 CVE = 0.0093 PAB
19 October 2023	1 CVE = 0.0093 PAB
20 October 2023	1 CVE = 0.0094 PAB
21 October 2023	1 CVE = 0.0096 PAB
22 October 2023	1 CVE = 0.0096 PAB
23 October 2023	1 CVE = 0.0094 PAB
24 October 2023	1 CVE = 0.0095 PAB
25 October 2023	1 CVE = 0.0095 PAB
26 October 2023	1 CVE = 0.0094 PAB
27 October 2023	1 CVE = 0.0094 PAB
29 October 2023	1 CVE = 0.0096 PAB
30 October 2023	1 CVE = 0.0093 PAB
31 October 2023	1 CVE = 0.0094 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.

Historic Cape Verdean escudo Panamanian Balboa