Guinean franc cape verdean escudo exchange rate history (GNF CVE) January 2024

Guinean franc cape verdean escudo history for January 2024. The highest quote for this month is 0.011965 (30/01/2024) and the lowest 0.011958 (30/01/2024). The difference between high and low is 0.06.

GNF CVE average rate for January 2024 is 0.01184, the change between 01/01/2024 and 31/01/2024 is -2.07 %.

01 January 2024	1 GNF = 0.0117 CVE
02 January 2024	1 GNF = 0.0117 CVE
03 January 2024	1 GNF = 0.0117 CVE
04 January 2024	1 GNF = 0.0118 CVE
05 January 2024	1 GNF = 0.0118 CVE
06 January 2024	1 GNF = 0.0118 CVE
07 January 2024	1 GNF = 0.0118 CVE
08 January 2024	1 GNF = 0.0119 CVE
09 January 2024	1 GNF = 0.0118 CVE
10 January 2024	1 GNF = 0.0118 CVE
11 January 2024	1 GNF = 0.0118 CVE
12 January 2024	1 GNF = 0.0118 CVE
14 January 2024	1 GNF = 0.0118 CVE
15 January 2024	1 GNF = 0.0118 CVE
16 January 2024	1 GNF = 0.0118 CVE
17 January 2024	1 GNF = 0.0119 CVE
18 January 2024	1 GNF = 0.0119 CVE
19 January 2024	1 GNF = 0.0119 CVE
22 January 2024	1 GNF = 0.0119 CVE
23 January 2024	1 GNF = 0.0118 CVE
24 January 2024	1 GNF = 0.0119 CVE
25 January 2024	1 GNF = 0.0118 CVE
26 January 2024	1 GNF = 0.0119 CVE
28 January 2024	1 GNF = 0.0119 CVE
29 January 2024	1 GNF = 0.0119 CVE
30 January 2024	1 GNF = 0.0120 CVE
31 January 2024	1 GNF = 0.0119 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.

Historic Guinean franc Cape Verdean escudo