Historic Moroccan dirham Cape Verdean escudo

Moroccan dirham cape verdean escudo history for February 2024. The highest quote for this month is 10.528 (13/02/2024) and the lowest 10.541 (12/02/2024). The difference between high and low is -0.12.

MAD CVE average rate for February 2024 is 10.24574, the change between 01/02/2024 and 29/02/2024 is -2.22 %.

01 February 20241 MAD = 10.15 CVE
02 February 20241 MAD = 10.16 CVE
03 February 20241 MAD = 10.17 CVE
04 February 20241 MAD = 10.17 CVE
05 February 20241 MAD = 10.47 CVE
06 February 20241 MAD = 10.52 CVE
07 February 20241 MAD = 10.19 CVE
08 February 20241 MAD = 10.18 CVE
09 February 20241 MAD = 10.19 CVE
12 February 20241 MAD = 10.54 CVE
13 February 20241 MAD = 10.19 CVE
14 February 20241 MAD = 10.22 CVE
15 February 20241 MAD = 10.20 CVE
16 February 20241 MAD = 10.19 CVE
17 February 20241 MAD = 10.19 CVE
18 February 20241 MAD = 10.19 CVE
19 February 20241 MAD = 10.50 CVE
20 February 20241 MAD = 10.47 CVE
21 February 20241 MAD = 10.12 CVE
22 February 20241 MAD = 10.11 CVE
23 February 20241 MAD = 10.13 CVE
24 February 20241 MAD = 10.13 CVE
25 February 20241 MAD = 10.13 CVE
26 February 20241 MAD = 10.47 CVE
27 February 20241 MAD = 10.15 CVE
28 February 20241 MAD = 10.11 CVE
29 February 20241 MAD = 10.38 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.
MAD CVE July 2023
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