Danish Krone cape verdean escudo exchange rate history (DKK CVE) December 2023

Danish Krone cape verdean escudo history for December 2023. The highest quote for this month is 15.031 (14/12/2023) and the lowest 14.885 (14/12/2023). The difference between high and low is 0.97.

DKK CVE average rate for December 2023 is 14.80842, the change between 01/12/2023 and 31/12/2023 is -0.32 %.

01 December 2023	1 DKK = 14.76 CVE
03 December 2023	1 DKK = 14.82 CVE
04 December 2023	1 DKK = 14.79 CVE
05 December 2023	1 DKK = 14.80 CVE
06 December 2023	1 DKK = 14.78 CVE
07 December 2023	1 DKK = 14.76 CVE
08 December 2023	1 DKK = 14.78 CVE
10 December 2023	1 DKK = 14.82 CVE
11 December 2023	1 DKK = 14.79 CVE
12 December 2023	1 DKK = 14.79 CVE
13 December 2023	1 DKK = 14.79 CVE
14 December 2023	1 DKK = 14.93 CVE
15 December 2023	1 DKK = 15.19 CVE
16 December 2023	1 DKK = 14.76 CVE
17 December 2023	1 DKK = 14.76 CVE
18 December 2023	1 DKK = 14.77 CVE
19 December 2023	1 DKK = 14.81 CVE
20 December 2023	1 DKK = 14.79 CVE
21 December 2023	1 DKK = 14.75 CVE
22 December 2023	1 DKK = 14.81 CVE
24 December 2023	1 DKK = 14.79 CVE
25 December 2023	1 DKK = 14.79 CVE
26 December 2023	1 DKK = 14.81 CVE
27 December 2023	1 DKK = 14.80 CVE
28 December 2023	1 DKK = 14.79 CVE
29 December 2023	1 DKK = 14.81 CVE

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone'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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.

Historic Danish Krone Cape Verdean escudo