Colombian Peso cape verdean escudo exchange rate history (COP CVE) December 2023

Colombian Peso cape verdean escudo history for December 2023. The highest quote for this month is 0.025956 (14/12/2023) and the lowest 0.025966 (28/12/2023). The difference between high and low is -0.04.

COP CVE average rate for December 2023 is 0.02562, the change between 01/12/2023 and 31/12/2023 is -2.13 %.

01 December 2023	1 COP = 0.0252 CVE
02 December 2023	1 COP = 0.0256 CVE
03 December 2023	1 COP = 0.0256 CVE
04 December 2023	1 COP = 0.0255 CVE
05 December 2023	1 COP = 0.0253 CVE
06 December 2023	1 COP = 0.0255 CVE
07 December 2023	1 COP = 0.0255 CVE
08 December 2023	1 COP = 0.0255 CVE
10 December 2023	1 COP = 0.0258 CVE
11 December 2023	1 COP = 0.0259 CVE
12 December 2023	1 COP = 0.0258 CVE
13 December 2023	1 COP = 0.0256 CVE
14 December 2023	1 COP = 0.0258 CVE
15 December 2023	1 COP = 0.0260 CVE
16 December 2023	1 COP = 0.0256 CVE
17 December 2023	1 COP = 0.0256 CVE
18 December 2023	1 COP = 0.0256 CVE
19 December 2023	1 COP = 0.0257 CVE
20 December 2023	1 COP = 0.0255 CVE
21 December 2023	1 COP = 0.0255 CVE
22 December 2023	1 COP = 0.0254 CVE
23 December 2023	1 COP = 0.0257 CVE
24 December 2023	1 COP = 0.0256 CVE
25 December 2023	1 COP = 0.0256 CVE
26 December 2023	1 COP = 0.0254 CVE
27 December 2023	1 COP = 0.0259 CVE
28 December 2023	1 COP = 0.0259 CVE
29 December 2023	1 COP = 0.0257 CVE

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Colombian Peso Cape Verdean escudo