Historic Indonesian Rupiah Cape Verdean escudo

Indonesian Rupiah cape verdean escudo history for January 2024. The highest quote for this month is 0.006518 (06/01/2024) and the lowest 0.007002 (05/01/2024). The difference between high and low is -7.43.

IDR CVE average rate for January 2024 is 0.00647, the change between 01/01/2024 and 31/01/2024 is +0.63 %.

01 January 20241 IDR = 0.0065 CVE
02 January 20241 IDR = 0.0065 CVE
03 January 20241 IDR = 0.0064 CVE
04 January 20241 IDR = 0.0065 CVE
05 January 20241 IDR = 0.0065 CVE
06 January 20241 IDR = 0.0065 CVE
07 January 20241 IDR = 0.0065 CVE
08 January 20241 IDR = 0.0065 CVE
09 January 20241 IDR = 0.0065 CVE
10 January 20241 IDR = 0.0065 CVE
11 January 20241 IDR = 0.0065 CVE
12 January 20241 IDR = 0.0065 CVE
14 January 20241 IDR = 0.0065 CVE
15 January 20241 IDR = 0.0065 CVE
16 January 20241 IDR = 0.0065 CVE
17 January 20241 IDR = 0.0065 CVE
18 January 20241 IDR = 0.0065 CVE
19 January 20241 IDR = 0.0065 CVE
22 January 20241 IDR = 0.0065 CVE
23 January 20241 IDR = 0.0065 CVE
24 January 20241 IDR = 0.0065 CVE
25 January 20241 IDR = 0.0064 CVE
26 January 20241 IDR = 0.0064 CVE
28 January 20241 IDR = 0.0064 CVE
29 January 20241 IDR = 0.0064 CVE
30 January 20241 IDR = 0.0064 CVE
31 January 20241 IDR = 0.0064 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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

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.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

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: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.