Costa Rican colón cape verdean escudo exchange rate history (CRC CVE) November 2023

Costa Rican colón cape verdean escudo history for November 2023. The highest quote for this month is 0.20216 (01/11/2023) and the lowest 0.20203 (01/11/2023). The difference between high and low is 0.06.

CRC CVE average rate for November 2023 is 0.19639, the change between 01/11/2023 and 30/11/2023 is +3.74 %.

01 November 2023	1 CRC = 0.2017 CVE
02 November 2023	1 CRC = 0.2022 CVE
03 November 2023	1 CRC = 0.2003 CVE
06 November 2023	1 CRC = 0.2001 CVE
07 November 2023	1 CRC = 0.1978 CVE
08 November 2023	1 CRC = 0.1983 CVE
09 November 2023	1 CRC = 0.1976 CVE
10 November 2023	1 CRC = 0.1987 CVE
12 November 2023	1 CRC = 0.1945 CVE
13 November 2023	1 CRC = 0.1994 CVE
14 November 2023	1 CRC = 0.1988 CVE
15 November 2023	1 CRC = 0.1992 CVE
16 November 2023	1 CRC = 0.1962 CVE
17 November 2023	1 CRC = 0.1961 CVE
18 November 2023	1 CRC = 0.1910 CVE
19 November 2023	1 CRC = 0.1910 CVE
20 November 2023	1 CRC = 0.1957 CVE
21 November 2023	1 CRC = 0.1943 CVE
22 November 2023	1 CRC = 0.1949 CVE
23 November 2023	1 CRC = 0.1953 CVE
24 November 2023	1 CRC = 0.1950 CVE
26 November 2023	1 CRC = 0.1903 CVE
27 November 2023	1 CRC = 0.1950 CVE
28 November 2023	1 CRC = 0.1944 CVE
29 November 2023	1 CRC = 0.1943 CVE
30 November 2023	1 CRC = 0.1941 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