Moroccan dirham cape verdean escudo exchange rate history (MAD CVE) August 2023

Moroccan dirham cape verdean escudo history for August 2023. The highest quote for this month is 10.689 (09/08/2023) and the lowest 10.704 (09/08/2023). The difference between high and low is -0.14.

MAD CVE average rate for August 2023 is 10.35192, the change between 01/08/2023 and 31/08/2023 is -1.66 %.

01 August 2023	1 MAD = 10.17 CVE
02 August 2023	1 MAD = 10.18 CVE
03 August 2023	1 MAD = 10.47 CVE
04 August 2023	1 MAD = 10.26 CVE
07 August 2023	1 MAD = 10.69 CVE
08 August 2023	1 MAD = 10.55 CVE
09 August 2023	1 MAD = 10.72 CVE
10 August 2023	1 MAD = 10.67 CVE
11 August 2023	1 MAD = 10.55 CVE
12 August 2023	1 MAD = 10.18 CVE
14 August 2023	1 MAD = 10.60 CVE
15 August 2023	1 MAD = 10.25 CVE
16 August 2023	1 MAD = 10.23 CVE
17 August 2023	1 MAD = 10.20 CVE
18 August 2023	1 MAD = 10.22 CVE
19 August 2023	1 MAD = 10.17 CVE
20 August 2023	1 MAD = 10.17 CVE
21 August 2023	1 MAD = 10.64 CVE
22 August 2023	1 MAD = 10.17 CVE
23 August 2023	1 MAD = 10.17 CVE
24 August 2023	1 MAD = 10.17 CVE
25 August 2023	1 MAD = 10.14 CVE
28 August 2023	1 MAD = 10.51 CVE
29 August 2023	1 MAD = 10.35 CVE
30 August 2023	1 MAD = 10.38 CVE
31 August 2023	1 MAD = 10.34 CVE

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham 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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

Historic Moroccan dirham Cape Verdean escudo