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

Malagasy Ariary cape verdean escudo history for January 2024. The highest quote for this month is 0.022679 (29/01/2024) and the lowest 0.022773 (31/01/2024). The difference between high and low is -0.41.

MGA CVE average rate for January 2024 is 0.02223, the change between 01/01/2024 and 31/01/2024 is -3.47 %.

01 January 2024	1 MGA = 0.0218 CVE
02 January 2024	1 MGA = 0.0218 CVE
03 January 2024	1 MGA = 0.0219 CVE
04 January 2024	1 MGA = 0.0221 CVE
05 January 2024	1 MGA = 0.0220 CVE
06 January 2024	1 MGA = 0.0218 CVE
07 January 2024	1 MGA = 0.0218 CVE
08 January 2024	1 MGA = 0.0222 CVE
09 January 2024	1 MGA = 0.0220 CVE
10 January 2024	1 MGA = 0.0223 CVE
11 January 2024	1 MGA = 0.0222 CVE
12 January 2024	1 MGA = 0.0222 CVE
14 January 2024	1 MGA = 0.0220 CVE
15 January 2024	1 MGA = 0.0223 CVE
16 January 2024	1 MGA = 0.0223 CVE
17 January 2024	1 MGA = 0.0224 CVE
18 January 2024	1 MGA = 0.0224 CVE
19 January 2024	1 MGA = 0.0223 CVE
22 January 2024	1 MGA = 0.0224 CVE
23 January 2024	1 MGA = 0.0224 CVE
24 January 2024	1 MGA = 0.0226 CVE
25 January 2024	1 MGA = 0.0224 CVE
26 January 2024	1 MGA = 0.0224 CVE
28 January 2024	1 MGA = 0.0224 CVE
29 January 2024	1 MGA = 0.0226 CVE
30 January 2024	1 MGA = 0.0227 CVE
31 January 2024	1 MGA = 0.0226 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