Historic Cape Verdean escudo United States dollar

Cape Verdean escudo united states dollar history for March 2023. The highest quote for this month is 0.009667 (07/03/2023) and the lowest 0.009738 (15/03/2023). The difference between high and low is -0.73.

CVE USD average rate for March 2023 is 0.00965, the change between 01/03/2023 and 31/03/2023 is -1.22 %.

01 March 20231 CVE = 0.0096 USD
02 March 20231 CVE = 0.0097 USD
07 March 20231 CVE = 0.0096 USD
08 March 20231 CVE = 0.0097 USD
09 March 20231 CVE = 0.0096 USD
15 March 20231 CVE = 0.0097 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.