Djiboutian franc cape verdean escudo exchange rate history (DJF CVE) October 2023

Djiboutian franc cape verdean escudo history for October 2023. The highest quote for this month is 0.60577 (04/10/2023) and the lowest 0.60418 (05/10/2023). The difference between high and low is 0.26.

DJF CVE average rate for October 2023 is 0.59047, the change between 01/10/2023 and 31/10/2023 is +0.19 %.

01 October 2023	1 DJF = 0.5864 CVE
02 October 2023	1 DJF = 0.5980 CVE
03 October 2023	1 DJF = 0.5908 CVE
04 October 2023	1 DJF = 0.6058 CVE
05 October 2023	1 DJF = 0.5908 CVE
06 October 2023	1 DJF = 0.6032 CVE
07 October 2023	1 DJF = 0.5866 CVE
09 October 2023	1 DJF = 0.6011 CVE
10 October 2023	1 DJF = 0.5892 CVE
11 October 2023	1 DJF = 0.5858 CVE
12 October 2023	1 DJF = 0.5841 CVE
13 October 2023	1 DJF = 0.5878 CVE
16 October 2023	1 DJF = 0.6033 CVE
17 October 2023	1 DJF = 0.5880 CVE
18 October 2023	1 DJF = 0.5869 CVE
19 October 2023	1 DJF = 0.5878 CVE
20 October 2023	1 DJF = 0.5869 CVE
21 October 2023	1 DJF = 0.5863 CVE
22 October 2023	1 DJF = 0.5863 CVE
23 October 2023	1 DJF = 0.5994 CVE
24 October 2023	1 DJF = 0.5810 CVE
25 October 2023	1 DJF = 0.5810 CVE
26 October 2023	1 DJF = 0.5863 CVE
27 October 2023	1 DJF = 0.5863 CVE
29 October 2023	1 DJF = 0.5873 CVE
30 October 2023	1 DJF = 0.6011 CVE
31 October 2023	1 DJF = 0.5853 CVE

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

01/01/2005: Decimalization of the escudo

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

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

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.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

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.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

Historic Djiboutian franc Cape Verdean escudo