Costa Rican colón cape verdean escudo exchange rate history (CRC CVE) January 2024

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 2024	1 CRC = 0.1964 CVE
02 January 2024	1 CRC = 0.1964 CVE
03 January 2024	1 CRC = 0.1966 CVE
04 January 2024	1 CRC = 0.1989 CVE
05 January 2024	1 CRC = 0.1988 CVE
06 January 2024	1 CRC = 0.1937 CVE
07 January 2024	1 CRC = 0.1937 CVE
08 January 2024	1 CRC = 0.1995 CVE
09 January 2024	1 CRC = 0.1985 CVE
10 January 2024	1 CRC = 0.1990 CVE
11 January 2024	1 CRC = 0.1977 CVE
12 January 2024	1 CRC = 0.1978 CVE
14 January 2024	1 CRC = 0.1942 CVE
15 January 2024	1 CRC = 0.1985 CVE
16 January 2024	1 CRC = 0.1987 CVE
17 January 2024	1 CRC = 0.1997 CVE
18 January 2024	1 CRC = 0.2015 CVE
19 January 2024	1 CRC = 0.2016 CVE
22 January 2024	1 CRC = 0.2018 CVE
23 January 2024	1 CRC = 0.2017 CVE
24 January 2024	1 CRC = 0.2033 CVE
25 January 2024	1 CRC = 0.2020 CVE
26 January 2024	1 CRC = 0.2028 CVE
28 January 2024	1 CRC = 0.1984 CVE
29 January 2024	1 CRC = 0.2036 CVE
30 January 2024	1 CRC = 0.2049 CVE
31 January 2024	1 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.

Historic Costa Rican colón Cape Verdean escudo