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

Colombian Peso cape verdean escudo history for October 2023. The highest quote for this month is 0.025551 (01/10/2023) and the lowest 0.02581 (30/10/2023). The difference between high and low is -1.01.

COP CVE average rate for October 2023 is 0.02477, the change between 01/10/2023 and 31/10/2023 is -0.27 %.

01 October 2023	1 COP = 0.0256 CVE
02 October 2023	1 COP = 0.0256 CVE
03 October 2023	1 COP = 0.0252 CVE
04 October 2023	1 COP = 0.0250 CVE
05 October 2023	1 COP = 0.0245 CVE
06 October 2023	1 COP = 0.0240 CVE
07 October 2023	1 COP = 0.0241 CVE
09 October 2023	1 COP = 0.0240 CVE
10 October 2023	1 COP = 0.0243 CVE
11 October 2023	1 COP = 0.0246 CVE
12 October 2023	1 COP = 0.0246 CVE
13 October 2023	1 COP = 0.0245 CVE
16 October 2023	1 COP = 0.0248 CVE
17 October 2023	1 COP = 0.0247 CVE
18 October 2023	1 COP = 0.0249 CVE
19 October 2023	1 COP = 0.0246 CVE
20 October 2023	1 COP = 0.0245 CVE
21 October 2023	1 COP = 0.0246 CVE
22 October 2023	1 COP = 0.0246 CVE
23 October 2023	1 COP = 0.0246 CVE
24 October 2023	1 COP = 0.0245 CVE
25 October 2023	1 COP = 0.0245 CVE
26 October 2023	1 COP = 0.0249 CVE
27 October 2023	1 COP = 0.0252 CVE
29 October 2023	1 COP = 0.0254 CVE
30 October 2023	1 COP = 0.0255 CVE
31 October 2023	1 COP = 0.0256 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