Historic Cape Verdean escudo Romanian leu

Cape Verdean escudo romanian leu history for February 2024. The highest quote for this month is 0.04539 (13/02/2024) and the lowest 0.045223 (03/02/2024). The difference between high and low is 0.37.

CVE RON average rate for February 2024 is 0.04508, the change between 01/02/2024 and 29/02/2024 is +0.7 %.

01 February 20241 CVE = 0.0453 RON
02 February 20241 CVE = 0.0449 RON
03 February 20241 CVE = 0.0451 RON
04 February 20241 CVE = 0.0451 RON
05 February 20241 CVE = 0.0450 RON
06 February 20241 CVE = 0.0451 RON
07 February 20241 CVE = 0.0450 RON
08 February 20241 CVE = 0.0451 RON
09 February 20241 CVE = 0.0451 RON
12 February 20241 CVE = 0.0451 RON
13 February 20241 CVE = 0.0451 RON
14 February 20241 CVE = 0.0451 RON
15 February 20241 CVE = 0.0451 RON
16 February 20241 CVE = 0.0450 RON
17 February 20241 CVE = 0.0450 RON
18 February 20241 CVE = 0.0450 RON
19 February 20241 CVE = 0.0452 RON
20 February 20241 CVE = 0.0451 RON
21 February 20241 CVE = 0.0451 RON
22 February 20241 CVE = 0.0451 RON
23 February 20241 CVE = 0.0451 RON
24 February 20241 CVE = 0.0451 RON
25 February 20241 CVE = 0.0451 RON
26 February 20241 CVE = 0.0452 RON
27 February 20241 CVE = 0.0450 RON
28 February 20241 CVE = 0.0450 RON
29 February 20241 CVE = 0.0450 RON

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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/01/2005: Decimalization of the escudo

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

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

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.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

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.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
CVE RON July 2023
CVE RON August 2023
CVE RON September 2023
CVE RON October 2023
CVE RON November 2023
CVE RON December 2023
CVE RON January 2024
CVE RON February 2024
CVE RON March 2024
CVE RON April 2024
CVE RON May 2024
CVE RON June 2024
CVE RON July 2024