Kuwaiti Dinar cape verdean escudo exchange rate history (KWD CVE) January 2024

Kuwaiti Dinar cape verdean escudo history for January 2024. The highest quote for this month is 331.55 (30/01/2024) and the lowest 331.14 (30/01/2024). The difference between high and low is 0.12.

KWD CVE average rate for January 2024 is 328.40704, the change between 01/01/2024 and 31/01/2024 is -1.84 %.

01 January 2024	1 KWD = 325.1 CVE
02 January 2024	1 KWD = 325.4 CVE
03 January 2024	1 KWD = 324.8 CVE
04 January 2024	1 KWD = 328.0 CVE
05 January 2024	1 KWD = 328.1 CVE
06 January 2024	1 KWD = 325.4 CVE
07 January 2024	1 KWD = 325.4 CVE
08 January 2024	1 KWD = 328.1 CVE
09 January 2024	1 KWD = 327.6 CVE
10 January 2024	1 KWD = 328.5 CVE
11 January 2024	1 KWD = 327.4 CVE
12 January 2024	1 KWD = 327.6 CVE
14 January 2024	1 KWD = 327.5 CVE
15 January 2024	1 KWD = 327.7 CVE
16 January 2024	1 KWD = 328.0 CVE
17 January 2024	1 KWD = 330.0 CVE
18 January 2024	1 KWD = 330.2 CVE
19 January 2024	1 KWD = 329.8 CVE
22 January 2024	1 KWD = 329.3 CVE
23 January 2024	1 KWD = 329.3 CVE
24 January 2024	1 KWD = 331.2 CVE
25 January 2024	1 KWD = 329.3 CVE
26 January 2024	1 KWD = 330.1 CVE
28 January 2024	1 KWD = 329.7 CVE
29 January 2024	1 KWD = 330.5 CVE
30 January 2024	1 KWD = 332.1 CVE
31 January 2024	1 KWD = 331.1 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.

Historic Kuwaiti Dinar Cape Verdean escudo