Historic Cape Verdean escudo United States dollar

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 20231 CVE = 0.0099 USD
02 February 20231 CVE = 0.0099 USD
03 February 20231 CVE = 0.0099 USD
04 February 20231 CVE = 0.0098 USD
05 February 20231 CVE = 0.0098 USD
06 February 20231 CVE = 0.0098 USD
07 February 20231 CVE = 0.0097 USD
08 February 20231 CVE = 0.0097 USD
09 February 20231 CVE = 0.0097 USD
10 February 20231 CVE = 0.0098 USD
13 February 20231 CVE = 0.0097 USD
14 February 20231 CVE = 0.0097 USD
17 February 20231 CVE = 0.0097 USD
24 February 20231 CVE = 0.0096 USD
25 February 20231 CVE = 0.0096 USD
27 February 20231 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.