Historic Colombian Peso Cape Verdean escudo

Colombian Peso cape verdean escudo history for February 2024. The highest quote for this month is 0.026255 (15/02/2024) and the lowest 0.026282 (14/02/2024). The difference between high and low is -0.1.

COP CVE average rate for February 2024 is 0.02605, the change between 01/02/2024 and 29/02/2024 is -0.03 %.

01 February 20241 COP = 0.0259 CVE
02 February 20241 COP = 0.0262 CVE
03 February 20241 COP = 0.0259 CVE
04 February 20241 COP = 0.0259 CVE
05 February 20241 COP = 0.0264 CVE
06 February 20241 COP = 0.0259 CVE
07 February 20241 COP = 0.0260 CVE
08 February 20241 COP = 0.0259 CVE
09 February 20241 COP = 0.0259 CVE
12 February 20241 COP = 0.0263 CVE
13 February 20241 COP = 0.0262 CVE
14 February 20241 COP = 0.0262 CVE
15 February 20241 COP = 0.0263 CVE
16 February 20241 COP = 0.0262 CVE
17 February 20241 COP = 0.0263 CVE
18 February 20241 COP = 0.0263 CVE
19 February 20241 COP = 0.0265 CVE
20 February 20241 COP = 0.0261 CVE
21 February 20241 COP = 0.0260 CVE
22 February 20241 COP = 0.0260 CVE
23 February 20241 COP = 0.0259 CVE
24 February 20241 COP = 0.0257 CVE
25 February 20241 COP = 0.0257 CVE
26 February 20241 COP = 0.0262 CVE
27 February 20241 COP = 0.0257 CVE
28 February 20241 COP = 0.0259 CVE
29 February 20241 COP = 0.0259 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.
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