Cape Verdean escudo united states dollar history for February 2023. The highest quote for this month is 0.009977 (02/02/2023) and the lowest 0.009988 (02/02/2023). The difference between high and low is -0.11.
CVE USD average rate for February 2023 is 0.00975, the change between 01/02/2023 and 28/02/2023 is +2.56 %.
01 February 2023 | 1 CVE = 0.0099 USD |
02 February 2023 | 1 CVE = 0.0099 USD |
03 February 2023 | 1 CVE = 0.0099 USD |
04 February 2023 | 1 CVE = 0.0098 USD |
05 February 2023 | 1 CVE = 0.0098 USD |
06 February 2023 | 1 CVE = 0.0098 USD |
07 February 2023 | 1 CVE = 0.0097 USD |
08 February 2023 | 1 CVE = 0.0097 USD |
09 February 2023 | 1 CVE = 0.0097 USD |
10 February 2023 | 1 CVE = 0.0098 USD |
13 February 2023 | 1 CVE = 0.0097 USD |
14 February 2023 | 1 CVE = 0.0097 USD |
17 February 2023 | 1 CVE = 0.0097 USD |
24 February 2023 | 1 CVE = 0.0096 USD |
25 February 2023 | 1 CVE = 0.0096 USD |
27 February 2023 | 1 CVE = 0.0096 USD |
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.
01/01/2005: Decimalization of the escudo
The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.
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.