Historic Kuwaiti Dinar Cape Verdean escudo

Kuwaiti Dinar cape verdean escudo history for February 2024. The highest quote for this month is 334.17 (14/02/2024) and the lowest 334.53 (14/02/2024). The difference between high and low is -0.11.

KWD CVE average rate for February 2024 is 332.32815, the change between 01/02/2024 and 29/02/2024 is -0.18 %.

01 February 20241 KWD = 330.6 CVE
02 February 20241 KWD = 331.1 CVE
03 February 20241 KWD = 332.4 CVE
04 February 20241 KWD = 332.4 CVE
05 February 20241 KWD = 332.9 CVE
06 February 20241 KWD = 334.0 CVE
07 February 20241 KWD = 333.9 CVE
08 February 20241 KWD = 333.1 CVE
09 February 20241 KWD = 332.9 CVE
12 February 20241 KWD = 332.7 CVE
13 February 20241 KWD = 332.8 CVE
14 February 20241 KWD = 334.4 CVE
15 February 20241 KWD = 333.9 CVE
16 February 20241 KWD = 333.4 CVE
17 February 20241 KWD = 333.0 CVE
18 February 20241 KWD = 333.0 CVE
19 February 20241 KWD = 332.8 CVE
20 February 20241 KWD = 332.7 CVE
21 February 20241 KWD = 331.9 CVE
22 February 20241 KWD = 331.7 CVE
23 February 20241 KWD = 331.3 CVE
24 February 20241 KWD = 331.1 CVE
25 February 20241 KWD = 331.1 CVE
26 February 20241 KWD = 331.2 CVE
27 February 20241 KWD = 330.9 CVE
28 February 20241 KWD = 330.9 CVE
29 February 20241 KWD = 331.2 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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.
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