Historic Cape Verdean escudo United States dollar

Cape Verdean escudo united states dollar history for February 2024. The highest quote for this month is 0.009838 (02/02/2024) and the lowest 0.009868 (02/02/2024). The difference between high and low is -0.3.

CVE USD average rate for February 2024 is 0.00979, the change between 01/02/2024 and 29/02/2024 is +0.22 %.

01 February 20241 CVE = 0.0099 USD
02 February 20241 CVE = 0.0098 USD
03 February 20241 CVE = 0.0098 USD
04 February 20241 CVE = 0.0098 USD
05 February 20241 CVE = 0.0098 USD
06 February 20241 CVE = 0.0097 USD
07 February 20241 CVE = 0.0097 USD
08 February 20241 CVE = 0.0098 USD
09 February 20241 CVE = 0.0098 USD
12 February 20241 CVE = 0.0098 USD
13 February 20241 CVE = 0.0098 USD
14 February 20241 CVE = 0.0097 USD
15 February 20241 CVE = 0.0097 USD
16 February 20241 CVE = 0.0098 USD
17 February 20241 CVE = 0.0098 USD
18 February 20241 CVE = 0.0098 USD
19 February 20241 CVE = 0.0098 USD
20 February 20241 CVE = 0.0098 USD
21 February 20241 CVE = 0.0098 USD
22 February 20241 CVE = 0.0098 USD
23 February 20241 CVE = 0.0098 USD
24 February 20241 CVE = 0.0098 USD
25 February 20241 CVE = 0.0098 USD
26 February 20241 CVE = 0.0098 USD
27 February 20241 CVE = 0.0098 USD
28 February 20241 CVE = 0.0098 USD
29 February 20241 CVE = 0.0098 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.
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