Historic Cape Verdean escudo Arab Emirates Dirham

Cape Verdean escudo arab emirates dirham history for October 2023. The highest quote for this month is 0.03539 (24/10/2023) and the lowest 0.035583 (24/10/2023). The difference between high and low is -0.55.

CVE AED average rate for October 2023 is 0.03522, the change between 01/10/2023 and 31/10/2023 is -0.08 %.

01 October 20231 CVE = 0.0353 AED
02 October 20231 CVE = 0.0353 AED
03 October 20231 CVE = 0.0350 AED
04 October 20231 CVE = 0.0349 AED
05 October 20231 CVE = 0.0350 AED
06 October 20231 CVE = 0.0351 AED
07 October 20231 CVE = 0.0353 AED
09 October 20231 CVE = 0.0353 AED
10 October 20231 CVE = 0.0351 AED
11 October 20231 CVE = 0.0353 AED
12 October 20231 CVE = 0.0354 AED
13 October 20231 CVE = 0.0351 AED
16 October 20231 CVE = 0.0350 AED
17 October 20231 CVE = 0.0351 AED
18 October 20231 CVE = 0.0352 AED
19 October 20231 CVE = 0.0351 AED
20 October 20231 CVE = 0.0352 AED
21 October 20231 CVE = 0.0353 AED
22 October 20231 CVE = 0.0353 AED
23 October 20231 CVE = 0.0353 AED
24 October 20231 CVE = 0.0356 AED
25 October 20231 CVE = 0.0356 AED
26 October 20231 CVE = 0.0352 AED
27 October 20231 CVE = 0.0352 AED
29 October 20231 CVE = 0.0352 AED
30 October 20231 CVE = 0.0352 AED
31 October 20231 CVE = 0.0353 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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