Historic Cape Verdean escudo Ugandan Shilling

Cape Verdean escudo ugandan shilling history for February 2024. The highest quote for this month is 38.469 (27/02/2024) and the lowest 38.479 (26/02/2024). The difference between high and low is -0.03.

CVE UGX average rate for February 2024 is 37.51744, the change between 01/02/2024 and 29/02/2024 is -3.03 %.

01 February 20241 CVE = 37.11 UGX
02 February 20241 CVE = 37.15 UGX
03 February 20241 CVE = 37.27 UGX
04 February 20241 CVE = 37.27 UGX
05 February 20241 CVE = 37.27 UGX
06 February 20241 CVE = 36.88 UGX
07 February 20241 CVE = 36.88 UGX
08 February 20241 CVE = 36.94 UGX
09 February 20241 CVE = 37.10 UGX
12 February 20241 CVE = 37.27 UGX
13 February 20241 CVE = 37.33 UGX
14 February 20241 CVE = 37.16 UGX
15 February 20241 CVE = 37.26 UGX
16 February 20241 CVE = 37.33 UGX
17 February 20241 CVE = 37.69 UGX
18 February 20241 CVE = 37.69 UGX
19 February 20241 CVE = 37.46 UGX
20 February 20241 CVE = 37.49 UGX
21 February 20241 CVE = 37.66 UGX
22 February 20241 CVE = 37.79 UGX
23 February 20241 CVE = 37.84 UGX
24 February 20241 CVE = 37.97 UGX
25 February 20241 CVE = 37.97 UGX
26 February 20241 CVE = 38.23 UGX
27 February 20241 CVE = 38.46 UGX
28 February 20241 CVE = 38.26 UGX
29 February 20241 CVE = 38.24 UGX

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

01/01/2005: Decimalization of the escudo

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

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.
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