Historic Guinean franc Cape Verdean escudo

Guinean franc cape verdean escudo history for February 2024. The highest quote for this month is 0.01206 (15/02/2024) and the lowest 0.012089 (14/02/2024). The difference between high and low is -0.24.

GNF CVE average rate for February 2024 is 0.012, the change between 01/02/2024 and 29/02/2024 is -0.35 %.

01 February 20241 GNF = 0.0119 CVE
02 February 20241 GNF = 0.0119 CVE
03 February 20241 GNF = 0.0120 CVE
04 February 20241 GNF = 0.0120 CVE
05 February 20241 GNF = 0.0119 CVE
06 February 20241 GNF = 0.0120 CVE
07 February 20241 GNF = 0.0120 CVE
08 February 20241 GNF = 0.0120 CVE
09 February 20241 GNF = 0.0120 CVE
12 February 20241 GNF = 0.0120 CVE
13 February 20241 GNF = 0.0120 CVE
14 February 20241 GNF = 0.0121 CVE
15 February 20241 GNF = 0.0121 CVE
16 February 20241 GNF = 0.0120 CVE
17 February 20241 GNF = 0.0121 CVE
18 February 20241 GNF = 0.0121 CVE
19 February 20241 GNF = 0.0120 CVE
20 February 20241 GNF = 0.0120 CVE
21 February 20241 GNF = 0.0120 CVE
22 February 20241 GNF = 0.0119 CVE
23 February 20241 GNF = 0.0119 CVE
24 February 20241 GNF = 0.0120 CVE
25 February 20241 GNF = 0.0120 CVE
26 February 20241 GNF = 0.0120 CVE
27 February 20241 GNF = 0.0120 CVE
28 February 20241 GNF = 0.0119 CVE
29 February 20241 GNF = 0.0120 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.

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

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.

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.

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.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis 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.

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.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.
GNF CVE January 2024
GNF CVE February 2024
GNF CVE March 2024
GNF CVE April 2024
GNF CVE May 2024
GNF CVE June 2024
GNF CVE July 2024
GNF CVE August 2024
GNF CVE September 2024
GNF CVE October 2024
GNF CVE November 2024
GNF CVE December 2024
GNF CVE January 2025