Cape Verdean escudo rwandan franc exchange rate history (CVE RWF) October 2023

Cape Verdean escudo rwandan franc history for October 2023. The highest quote for this month is 11.812 (31/10/2023) and the lowest 11.726 (25/10/2023). The difference between high and low is 0.73.

CVE RWF average rate for October 2023 is 11.59793, the change between 01/10/2023 and 31/10/2023 is -1.27 %.

01 October 2023	1 CVE = 11.55 RWF
02 October 2023	1 CVE = 11.61 RWF
03 October 2023	1 CVE = 11.47 RWF
04 October 2023	1 CVE = 11.44 RWF
05 October 2023	1 CVE = 11.50 RWF
06 October 2023	1 CVE = 11.45 RWF
07 October 2023	1 CVE = 11.61 RWF
09 October 2023	1 CVE = 11.52 RWF
10 October 2023	1 CVE = 11.66 RWF
11 October 2023	1 CVE = 11.62 RWF
12 October 2023	1 CVE = 11.61 RWF
13 October 2023	1 CVE = 11.58 RWF
16 October 2023	1 CVE = 11.49 RWF
17 October 2023	1 CVE = 11.59 RWF
18 October 2023	1 CVE = 11.60 RWF
19 October 2023	1 CVE = 11.55 RWF
20 October 2023	1 CVE = 11.62 RWF
21 October 2023	1 CVE = 11.66 RWF
22 October 2023	1 CVE = 11.66 RWF
23 October 2023	1 CVE = 11.59 RWF
24 October 2023	1 CVE = 11.75 RWF
25 October 2023	1 CVE = 11.77 RWF
26 October 2023	1 CVE = 11.65 RWF
27 October 2023	1 CVE = 11.65 RWF
29 October 2023	1 CVE = 11.67 RWF
30 October 2023	1 CVE = 11.59 RWF
31 October 2023	1 CVE = 11.70 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.

Historic Cape Verdean escudo Rwandan franc