Cape Verdean escudo arab emirates dirham exchange rate history (CVE AED) January 2024

Cape Verdean escudo arab emirates dirham history for January 2024. The highest quote for this month is 0.036765 (01/01/2024) and the lowest 0.036827 (02/01/2024). The difference between high and low is -0.17.

CVE AED average rate for January 2024 is 0.03641, the change between 01/01/2024 and 31/01/2024 is +1.93 %.

01 January 2024	1 CVE = 0.0368 AED
02 January 2024	1 CVE = 0.0368 AED
03 January 2024	1 CVE = 0.0368 AED
04 January 2024	1 CVE = 0.0365 AED
05 January 2024	1 CVE = 0.0364 AED
06 January 2024	1 CVE = 0.0367 AED
07 January 2024	1 CVE = 0.0367 AED
08 January 2024	1 CVE = 0.0364 AED
09 January 2024	1 CVE = 0.0365 AED
10 January 2024	1 CVE = 0.0364 AED
11 January 2024	1 CVE = 0.0365 AED
12 January 2024	1 CVE = 0.0365 AED
14 January 2024	1 CVE = 0.0365 AED
15 January 2024	1 CVE = 0.0365 AED
16 January 2024	1 CVE = 0.0365 AED
17 January 2024	1 CVE = 0.0362 AED
18 January 2024	1 CVE = 0.0362 AED
19 January 2024	1 CVE = 0.0362 AED
22 January 2024	1 CVE = 0.0363 AED
23 January 2024	1 CVE = 0.0363 AED
24 January 2024	1 CVE = 0.0361 AED
25 January 2024	1 CVE = 0.0363 AED
26 January 2024	1 CVE = 0.0362 AED
28 January 2024	1 CVE = 0.0362 AED
29 January 2024	1 CVE = 0.0362 AED
30 January 2024	1 CVE = 0.0360 AED
31 January 2024	1 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.

Historic Cape Verdean escudo Arab Emirates Dirham