Salvadoran Colón cape verdean escudo history for March 2024. The highest quote for this month is 11.933 (01/03/2024) and the lowest 11.943 (01/03/2024). The difference between high and low is -0.08.
SVC CVE average rate for March 2024 is 11.7929, the change between 01/03/2024 and 31/03/2024 is +3.35 %.
| 01 March 2024 | 1 SVC = 11.94 CVE |
| 03 March 2024 | 1 SVC = 11.65 CVE |
| 04 March 2024 | 1 SVC = 11.95 CVE |
| 05 March 2024 | 1 SVC = 11.90 CVE |
| 06 March 2024 | 1 SVC = 11.92 CVE |
| 07 March 2024 | 1 SVC = 11.85 CVE |
| 08 March 2024 | 1 SVC = 11.86 CVE |
| 10 March 2024 | 1 SVC = 11.50 CVE |
| 11 March 2024 | 1 SVC = 11.82 CVE |
| 12 March 2024 | 1 SVC = 11.54 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.
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.
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.