Historic Hong Kong dollar Cape Verdean escudo

Hong Kong dollar cape verdean escudo history for March 2020. The highest quote for this month is 13.288 (20/03/2020) and the lowest 13.243 (20/03/2020). The difference between high and low is 0.34.

HKD CVE average rate for March 2020 is 12.85495, the change between 01/03/2020 and 31/03/2020 is +0.14 %.

02 March 20201 HKD = 12.90 CVE
03 March 20201 HKD = 12.92 CVE
04 March 20201 HKD = 12.72 CVE
05 March 20201 HKD = 12.77 CVE
06 March 20201 HKD = 12.68 CVE
09 March 20201 HKD = 12.68 CVE
10 March 20201 HKD = 12.46 CVE
11 March 20201 HKD = 12.46 CVE
12 March 20201 HKD = 12.61 CVE
13 March 20201 HKD = 12.53 CVE
16 March 20201 HKD = 12.80 CVE
17 March 20201 HKD = 12.75 CVE
18 March 20201 HKD = 12.89 CVE
19 March 20201 HKD = 13.02 CVE
20 March 20201 HKD = 13.29 CVE
23 March 20201 HKD = 13.24 CVE
24 March 20201 HKD = 13.22 CVE
25 March 20201 HKD = 13.18 CVE
26 March 20201 HKD = 13.07 CVE
27 March 20201 HKD = 12.97 CVE
30 March 20201 HKD = 12.79 CVE
31 March 20201 HKD = 12.88 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.

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.