Ghana Cedi cape verdean escudo exchange rate history (GHS CVE) February 2024

Ghana Cedi cape verdean escudo history for February 2024. The highest quote for this month is 8.3117 (06/02/2024) and the lowest 8.3355 (07/02/2024). The difference between high and low is -0.29.

GHS CVE average rate for February 2024 is 8.22505, the change between 01/02/2024 and 29/02/2024 is +1.84 %.

01 February 2024	1 GHS = 8.25 CVE
02 February 2024	1 GHS = 8.23 CVE
03 February 2024	1 GHS = 8.27 CVE
04 February 2024	1 GHS = 8.27 CVE
05 February 2024	1 GHS = 8.20 CVE
06 February 2024	1 GHS = 8.30 CVE
07 February 2024	1 GHS = 8.31 CVE
08 February 2024	1 GHS = 8.29 CVE
09 February 2024	1 GHS = 8.27 CVE
12 February 2024	1 GHS = 8.27 CVE
13 February 2024	1 GHS = 8.25 CVE
14 February 2024	1 GHS = 8.29 CVE
15 February 2024	1 GHS = 8.29 CVE
16 February 2024	1 GHS = 8.26 CVE
17 February 2024	1 GHS = 8.27 CVE
18 February 2024	1 GHS = 8.27 CVE
19 February 2024	1 GHS = 8.22 CVE
20 February 2024	1 GHS = 8.21 CVE
21 February 2024	1 GHS = 8.21 CVE
22 February 2024	1 GHS = 8.15 CVE
23 February 2024	1 GHS = 8.24 CVE
24 February 2024	1 GHS = 8.14 CVE
25 February 2024	1 GHS = 8.14 CVE
26 February 2024	1 GHS = 8.13 CVE
27 February 2024	1 GHS = 8.13 CVE
28 February 2024	1 GHS = 8.10 CVE
29 February 2024	1 GHS = 8.10 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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/01/2005: Decimalization of the escudo

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

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

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.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic Ghana Cedi Cape Verdean escudo