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

Moroccan dirham cape verdean escudo history for December 2023. The highest quote for this month is 10.44 (25/12/2023) and the lowest 10.462 (28/12/2023). The difference between high and low is -0.21.

MAD CVE average rate for December 2023 is 10.17082, the change between 01/12/2023 and 31/12/2023 is +2.54 %.

01 December 2023	1 MAD = 10.35 CVE
02 December 2023	1 MAD = 10.06 CVE
03 December 2023	1 MAD = 10.06 CVE
04 December 2023	1 MAD = 10.37 CVE
05 December 2023	1 MAD = 10.10 CVE
06 December 2023	1 MAD = 10.11 CVE
07 December 2023	1 MAD = 10.12 CVE
08 December 2023	1 MAD = 10.10 CVE
10 December 2023	1 MAD = 10.10 CVE
11 December 2023	1 MAD = 10.42 CVE
12 December 2023	1 MAD = 10.39 CVE
13 December 2023	1 MAD = 10.38 CVE
14 December 2023	1 MAD = 10.04 CVE
15 December 2023	1 MAD = 10.22 CVE
16 December 2023	1 MAD = 9.97 CVE
17 December 2023	1 MAD = 9.97 CVE
18 December 2023	1 MAD = 10.28 CVE
19 December 2023	1 MAD = 10.31 CVE
20 December 2023	1 MAD = 9.94 CVE
21 December 2023	1 MAD = 10.01 CVE
22 December 2023	1 MAD = 10.08 CVE
23 December 2023	1 MAD = 10.14 CVE
24 December 2023	1 MAD = 10.09 CVE
25 December 2023	1 MAD = 10.44 CVE
26 December 2023	1 MAD = 10.44 CVE
27 December 2023	1 MAD = 10.08 CVE
28 December 2023	1 MAD = 10.13 CVE
29 December 2023	1 MAD = 10.09 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