Historic Cape Verdean escudo Swiss franc

Cape Verdean escudo swiss franc history for November 2023. The highest quote for this month is 0.008779 (21/11/2023) and the lowest 0.008763 (21/11/2023). The difference between high and low is 0.18.

CVE CHF average rate for November 2023 is 0.00874, the change between 01/11/2023 and 30/11/2023 is +0.11 %.

01 November 20231 CVE = 0.0087 CHF
02 November 20231 CVE = 0.0087 CHF
03 November 20231 CVE = 0.0088 CHF
06 November 20231 CVE = 0.0088 CHF
07 November 20231 CVE = 0.0087 CHF
08 November 20231 CVE = 0.0087 CHF
09 November 20231 CVE = 0.0087 CHF
10 November 20231 CVE = 0.0088 CHF
12 November 20231 CVE = 0.0087 CHF
13 November 20231 CVE = 0.0088 CHF
14 November 20231 CVE = 0.0088 CHF
15 November 20231 CVE = 0.0086 CHF
16 November 20231 CVE = 0.0087 CHF
17 November 20231 CVE = 0.0087 CHF
18 November 20231 CVE = 0.0087 CHF
19 November 20231 CVE = 0.0087 CHF
20 November 20231 CVE = 0.0088 CHF
21 November 20231 CVE = 0.0088 CHF
22 November 20231 CVE = 0.0088 CHF
23 November 20231 CVE = 0.0087 CHF
24 November 20231 CVE = 0.0087 CHF
26 November 20231 CVE = 0.0087 CHF
27 November 20231 CVE = 0.0088 CHF
28 November 20231 CVE = 0.0087 CHF
29 November 20231 CVE = 0.0087 CHF
30 November 20231 CVE = 0.0087 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

01/01/2005: Decimalization of the escudo

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

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
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