South Korean Won cape verdean escudo exchange rate history (KRW CVE) October 2023

South Korean Won cape verdean escudo history for October 2023. The highest quote for this month is 0.077585 (05/10/2023) and the lowest 0.078036 (06/10/2023). The difference between high and low is -0.58.

KRW CVE average rate for October 2023 is 0.07729, the change between 01/10/2023 and 31/10/2023 is -0.18 %.

01 October 2023	1 KRW = 0.0770 CVE
02 October 2023	1 KRW = 0.0770 CVE
03 October 2023	1 KRW = 0.0775 CVE
04 October 2023	1 KRW = 0.0775 CVE
05 October 2023	1 KRW = 0.0777 CVE
06 October 2023	1 KRW = 0.0777 CVE
07 October 2023	1 KRW = 0.0775 CVE
09 October 2023	1 KRW = 0.0774 CVE
10 October 2023	1 KRW = 0.0777 CVE
11 October 2023	1 KRW = 0.0776 CVE
12 October 2023	1 KRW = 0.0776 CVE
13 October 2023	1 KRW = 0.0775 CVE
16 October 2023	1 KRW = 0.0776 CVE
17 October 2023	1 KRW = 0.0775 CVE
18 October 2023	1 KRW = 0.0771 CVE
19 October 2023	1 KRW = 0.0771 CVE
20 October 2023	1 KRW = 0.0769 CVE
21 October 2023	1 KRW = 0.0772 CVE
22 October 2023	1 KRW = 0.0772 CVE
23 October 2023	1 KRW = 0.0771 CVE
24 October 2023	1 KRW = 0.0774 CVE
25 October 2023	1 KRW = 0.0768 CVE
26 October 2023	1 KRW = 0.0770 CVE
27 October 2023	1 KRW = 0.0772 CVE
29 October 2023	1 KRW = 0.0770 CVE
30 October 2023	1 KRW = 0.0769 CVE
31 October 2023	1 KRW = 0.0772 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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

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.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic South Korean Won Cape Verdean escudo