Cape Verdean escudo united states dollar exchange rate history (CVE USD) January 2023

Cape Verdean escudo united states dollar history for January 2023. The highest quote for this month is 0.009877 (26/01/2023) and the lowest 0.009903 (26/01/2023). The difference between high and low is -0.26.

CVE USD average rate for January 2023 is 0.00975, the change between 01/01/2023 and 31/01/2023 is -2.74 %.

01 January 2023	1 CVE = 0.0096 USD
02 January 2023	1 CVE = 0.0097 USD
03 January 2023	1 CVE = 0.0097 USD
04 January 2023	1 CVE = 0.0097 USD
05 January 2023	1 CVE = 0.0096 USD
06 January 2023	1 CVE = 0.0095 USD
07 January 2023	1 CVE = 0.0095 USD
08 January 2023	1 CVE = 0.0095 USD
09 January 2023	1 CVE = 0.0096 USD
10 January 2023	1 CVE = 0.0096 USD
11 January 2023	1 CVE = 0.0097 USD
12 January 2023	1 CVE = 0.0098 USD
13 January 2023	1 CVE = 0.0098 USD
14 January 2023	1 CVE = 0.0098 USD
16 January 2023	1 CVE = 0.0098 USD
17 January 2023	1 CVE = 0.0098 USD
18 January 2023	1 CVE = 0.0098 USD
19 January 2023	1 CVE = 0.0098 USD
20 January 2023	1 CVE = 0.0098 USD
21 January 2023	1 CVE = 0.0098 USD
23 January 2023	1 CVE = 0.0098 USD
24 January 2023	1 CVE = 0.0099 USD
26 January 2023	1 CVE = 0.0099 USD
27 January 2023	1 CVE = 0.0099 USD
29 January 2023	1 CVE = 0.0098 USD
30 January 2023	1 CVE = 0.0099 USD
31 January 2023	1 CVE = 0.0099 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.