Historic Euro Cape Verdean escudo

Euro cape verdean escudo history for January 2024. The highest quote for this month is 110.45 (08/01/2024) and the lowest 110.72 (05/01/2024). The difference between high and low is -0.24.

EUR CVE average rate for January 2024 is 110.15115, the change between 01/01/2024 and 31/01/2024 is -0.01 %.

01 January 20241 EUR = 110.3 CVE
02 January 20241 EUR = 110.2 CVE
03 January 20241 EUR = 109.1 CVE
04 January 20241 EUR = 110.0 CVE
05 January 20241 EUR = 110.3 CVE
07 January 20241 EUR = 109.6 CVE
08 January 20241 EUR = 110.2 CVE
09 January 20241 EUR = 110.1 CVE
10 January 20241 EUR = 110.2 CVE
11 January 20241 EUR = 110.3 CVE
12 January 20241 EUR = 110.4 CVE
14 January 20241 EUR = 110.2 CVE
15 January 20241 EUR = 110.1 CVE
16 January 20241 EUR = 110.2 CVE
17 January 20241 EUR = 110.3 CVE
18 January 20241 EUR = 110.5 CVE
19 January 20241 EUR = 110.3 CVE
22 January 20241 EUR = 110.2 CVE
23 January 20241 EUR = 110.1 CVE
24 January 20241 EUR = 110.5 CVE
25 January 20241 EUR = 110.1 CVE
26 January 20241 EUR = 110.0 CVE
28 January 20241 EUR = 110.1 CVE
29 January 20241 EUR = 110.1 CVE
30 January 20241 EUR = 110.5 CVE
31 January 20241 EUR = 110.3 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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

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.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/01/2005: Decimalization of the escudo

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

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

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.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.
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