Malagasy Ariary cape verdean escudo exchange rate history (MGA CVE) February 2024

Malagasy Ariary cape verdean escudo history for February 2024. The highest quote for this month is 0.022833 (06/02/2024) and the lowest 0.022873 (07/02/2024). The difference between high and low is -0.18.

MGA CVE average rate for February 2024 is 0.02264, the change between 01/02/2024 and 29/02/2024 is -0.85 %.

01 February 2024	1 MGA = 0.0226 CVE
02 February 2024	1 MGA = 0.0226 CVE
03 February 2024	1 MGA = 0.0225 CVE
04 February 2024	1 MGA = 0.0225 CVE
05 February 2024	1 MGA = 0.0226 CVE
06 February 2024	1 MGA = 0.0229 CVE
07 February 2024	1 MGA = 0.0228 CVE
08 February 2024	1 MGA = 0.0226 CVE
09 February 2024	1 MGA = 0.0227 CVE
12 February 2024	1 MGA = 0.0228 CVE
13 February 2024	1 MGA = 0.0226 CVE
14 February 2024	1 MGA = 0.0227 CVE
15 February 2024	1 MGA = 0.0227 CVE
16 February 2024	1 MGA = 0.0227 CVE
17 February 2024	1 MGA = 0.0226 CVE
18 February 2024	1 MGA = 0.0226 CVE
19 February 2024	1 MGA = 0.0227 CVE
20 February 2024	1 MGA = 0.0228 CVE
21 February 2024	1 MGA = 0.0226 CVE
22 February 2024	1 MGA = 0.0226 CVE
23 February 2024	1 MGA = 0.0227 CVE
24 February 2024	1 MGA = 0.0224 CVE
25 February 2024	1 MGA = 0.0224 CVE
26 February 2024	1 MGA = 0.0227 CVE
27 February 2024	1 MGA = 0.0225 CVE
28 February 2024	1 MGA = 0.0226 CVE
29 February 2024	1 MGA = 0.0227 CVE

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

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.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

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.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

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.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

Historic Malagasy Ariary Cape Verdean escudo