Historic Cape Verdean escudo Arab Emirates Dirham

Cape Verdean escudo arab emirates dirham history for February 2024. The highest quote for this month is 0.036132 (27/02/2024) and the lowest 0.036237 (02/02/2024). The difference between high and low is -0.29.

CVE AED average rate for February 2024 is 0.03595, the change between 01/02/2024 and 29/02/2024 is +0.23 %.

01 February 20241 CVE = 0.0362 AED
02 February 20241 CVE = 0.0361 AED
03 February 20241 CVE = 0.0360 AED
04 February 20241 CVE = 0.0360 AED
05 February 20241 CVE = 0.0359 AED
06 February 20241 CVE = 0.0358 AED
07 February 20241 CVE = 0.0358 AED
08 February 20241 CVE = 0.0359 AED
09 February 20241 CVE = 0.0359 AED
12 February 20241 CVE = 0.0359 AED
13 February 20241 CVE = 0.0359 AED
14 February 20241 CVE = 0.0357 AED
15 February 20241 CVE = 0.0357 AED
16 February 20241 CVE = 0.0358 AED
17 February 20241 CVE = 0.0358 AED
18 February 20241 CVE = 0.0358 AED
19 February 20241 CVE = 0.0359 AED
20 February 20241 CVE = 0.0359 AED
21 February 20241 CVE = 0.0360 AED
22 February 20241 CVE = 0.0360 AED
23 February 20241 CVE = 0.0361 AED
24 February 20241 CVE = 0.0361 AED
25 February 20241 CVE = 0.0361 AED
26 February 20241 CVE = 0.0361 AED
27 February 20241 CVE = 0.0361 AED
28 February 20241 CVE = 0.0361 AED
29 February 20241 CVE = 0.0361 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/01/2005: Decimalization of the escudo

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

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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