Historic Cape Verdean escudo Rwandan franc

Cape Verdean escudo rwandan franc history for February 2024. The highest quote for this month is 12.631 (27/02/2024) and the lowest 12.449 (24/02/2024). The difference between high and low is 1.44.

CVE RWF average rate for February 2024 is 12.3513, the change between 01/02/2024 and 29/02/2024 is +0.4 %.

01 February 20241 CVE = 12.43 RWF
02 February 20241 CVE = 12.40 RWF
03 February 20241 CVE = 12.37 RWF
04 February 20241 CVE = 12.37 RWF
05 February 20241 CVE = 12.41 RWF
06 February 20241 CVE = 12.26 RWF
07 February 20241 CVE = 12.31 RWF
08 February 20241 CVE = 12.34 RWF
09 February 20241 CVE = 12.33 RWF
12 February 20241 CVE = 12.28 RWF
13 February 20241 CVE = 12.35 RWF
14 February 20241 CVE = 12.28 RWF
15 February 20241 CVE = 12.20 RWF
16 February 20241 CVE = 12.22 RWF
17 February 20241 CVE = 12.34 RWF
18 February 20241 CVE = 12.34 RWF
19 February 20241 CVE = 12.31 RWF
20 February 20241 CVE = 12.31 RWF
21 February 20241 CVE = 12.28 RWF
22 February 20241 CVE = 12.29 RWF
23 February 20241 CVE = 12.33 RWF
24 February 20241 CVE = 12.45 RWF
25 February 20241 CVE = 12.45 RWF
26 February 20241 CVE = 12.39 RWF
27 February 20241 CVE = 12.45 RWF
28 February 20241 CVE = 12.65 RWF
29 February 20241 CVE = 12.38 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2005: Decimalization of the escudo

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

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

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.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.
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