Guyanese dollar cape verdean escudo exchange rate history (GYD CVE) February 2024

Guyanese dollar cape verdean escudo history for February 2024. The highest quote for this month is 0.5138 (15/02/2024) and the lowest 0.51438 (14/02/2024). The difference between high and low is -0.11.

GYD CVE average rate for February 2024 is 0.50623, the change between 01/02/2024 and 29/02/2024 is -0.28 %.

01 February 2024	1 GYD = 0.5084 CVE
02 February 2024	1 GYD = 0.5082 CVE
03 February 2024	1 GYD = 0.4909 CVE
04 February 2024	1 GYD = 0.4909 CVE
05 February 2024	1 GYD = 0.5065 CVE
06 February 2024	1 GYD = 0.5128 CVE
07 February 2024	1 GYD = 0.5129 CVE
08 February 2024	1 GYD = 0.5117 CVE
09 February 2024	1 GYD = 0.5117 CVE
12 February 2024	1 GYD = 0.5116 CVE
13 February 2024	1 GYD = 0.5118 CVE
14 February 2024	1 GYD = 0.5147 CVE
15 February 2024	1 GYD = 0.5136 CVE
16 February 2024	1 GYD = 0.5126 CVE
17 February 2024	1 GYD = 0.4923 CVE
18 February 2024	1 GYD = 0.4923 CVE
19 February 2024	1 GYD = 0.5117 CVE
20 February 2024	1 GYD = 0.5113 CVE
21 February 2024	1 GYD = 0.5101 CVE
22 February 2024	1 GYD = 0.5092 CVE
23 February 2024	1 GYD = 0.5084 CVE
24 February 2024	1 GYD = 0.4895 CVE
25 February 2024	1 GYD = 0.4895 CVE
26 February 2024	1 GYD = 0.5093 CVE
27 February 2024	1 GYD = 0.5084 CVE
28 February 2024	1 GYD = 0.5084 CVE
29 February 2024	1 GYD = 0.5098 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Cape Verdean escudo