Historic Egyptian Pound Cape Verdean escudo

Egyptian Pound cape verdean escudo history for February 2024. The highest quote for this month is 3.3297 (14/02/2024) and the lowest 3.3449 (14/02/2024). The difference between high and low is -0.46.

EGP CVE average rate for February 2024 is 3.30911, the change between 01/02/2024 and 29/02/2024 is -0.12 %.

01 February 20241 EGP = 3.288 CVE
02 February 20241 EGP = 3.294 CVE
03 February 20241 EGP = 3.310 CVE
04 February 20241 EGP = 3.310 CVE
05 February 20241 EGP = 3.292 CVE
06 February 20241 EGP = 3.325 CVE
07 February 20241 EGP = 3.323 CVE
08 February 20241 EGP = 3.318 CVE
09 February 20241 EGP = 3.316 CVE
12 February 20241 EGP = 3.333 CVE
13 February 20241 EGP = 3.314 CVE
14 February 20241 EGP = 3.332 CVE
15 February 20241 EGP = 3.328 CVE
16 February 20241 EGP = 3.320 CVE
17 February 20241 EGP = 3.324 CVE
18 February 20241 EGP = 3.324 CVE
19 February 20241 EGP = 3.328 CVE
20 February 20241 EGP = 3.313 CVE
21 February 20241 EGP = 3.300 CVE
22 February 20241 EGP = 3.300 CVE
23 February 20241 EGP = 3.297 CVE
24 February 20241 EGP = 3.300 CVE
25 February 20241 EGP = 3.289 CVE
26 February 20241 EGP = 3.296 CVE
27 February 20241 EGP = 3.288 CVE
28 February 20241 EGP = 3.293 CVE
29 February 20241 EGP = 3.292 CVE

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
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