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

Costa Rican colón cape verdean escudo history for October 2023. The highest quote for this month is 0.20247 (16/10/2023) and the lowest 0.20213 (27/10/2023). The difference between high and low is 0.17.

CRC CVE average rate for October 2023 is 0.20002, the change between 01/10/2023 and 31/10/2023 is -2.67 %.

01 October 2023	1 CRC = 0.1959 CVE
02 October 2023	1 CRC = 0.1993 CVE
03 October 2023	1 CRC = 0.2014 CVE
04 October 2023	1 CRC = 0.2014 CVE
05 October 2023	1 CRC = 0.2023 CVE
06 October 2023	1 CRC = 0.2018 CVE
07 October 2023	1 CRC = 0.1949 CVE
09 October 2023	1 CRC = 0.2007 CVE
10 October 2023	1 CRC = 0.2008 CVE
11 October 2023	1 CRC = 0.1994 CVE
12 October 2023	1 CRC = 0.1988 CVE
13 October 2023	1 CRC = 0.2008 CVE
16 October 2023	1 CRC = 0.2025 CVE
17 October 2023	1 CRC = 0.2019 CVE
18 October 2023	1 CRC = 0.2014 CVE
19 October 2023	1 CRC = 0.2015 CVE
20 October 2023	1 CRC = 0.2018 CVE
21 October 2023	1 CRC = 0.1962 CVE
22 October 2023	1 CRC = 0.1962 CVE
23 October 2023	1 CRC = 0.2013 CVE
24 October 2023	1 CRC = 0.1995 CVE
25 October 2023	1 CRC = 0.1993 CVE
26 October 2023	1 CRC = 0.2010 CVE
27 October 2023	1 CRC = 0.2013 CVE
29 October 2023	1 CRC = 0.1965 CVE
30 October 2023	1 CRC = 0.2018 CVE
31 October 2023	1 CRC = 0.2011 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