Historic Costa Rican colón Cape Verdean escudo

Costa Rican colón cape verdean escudo history for January 2024. The highest quote for this month is 0.20403 (30/01/2024) and the lowest 0.20439 (30/01/2024). The difference between high and low is -0.18.

CRC CVE average rate for January 2024 is 0.19937, the change between 01/01/2024 and 31/01/2024 is -3.61 %.

01 January 20241 CRC = 0.1964 CVE
02 January 20241 CRC = 0.1964 CVE
03 January 20241 CRC = 0.1966 CVE
04 January 20241 CRC = 0.1989 CVE
05 January 20241 CRC = 0.1988 CVE
06 January 20241 CRC = 0.1937 CVE
07 January 20241 CRC = 0.1937 CVE
08 January 20241 CRC = 0.1995 CVE
09 January 20241 CRC = 0.1985 CVE
10 January 20241 CRC = 0.1990 CVE
11 January 20241 CRC = 0.1977 CVE
12 January 20241 CRC = 0.1978 CVE
14 January 20241 CRC = 0.1942 CVE
15 January 20241 CRC = 0.1985 CVE
16 January 20241 CRC = 0.1987 CVE
17 January 20241 CRC = 0.1997 CVE
18 January 20241 CRC = 0.2015 CVE
19 January 20241 CRC = 0.2016 CVE
22 January 20241 CRC = 0.2018 CVE
23 January 20241 CRC = 0.2017 CVE
24 January 20241 CRC = 0.2033 CVE
25 January 20241 CRC = 0.2020 CVE
26 January 20241 CRC = 0.2028 CVE
28 January 20241 CRC = 0.1984 CVE
29 January 20241 CRC = 0.2036 CVE
30 January 20241 CRC = 0.2049 CVE
31 January 20241 CRC = 0.2035 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.

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
CRC CVE July 2023
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