Historic Moroccan dirham Cape Verdean escudo

Moroccan dirham cape verdean escudo history for January 2024. The highest quote for this month is 10.515 (24/01/2024) and the lowest 10.535 (04/01/2024). The difference between high and low is -0.19.

MAD CVE average rate for January 2024 is 10.24363, the change between 01/01/2024 and 31/01/2024 is +2.04 %.

01 January 20241 MAD = 10.38 CVE
02 January 20241 MAD = 10.38 CVE
03 January 20241 MAD = 10.04 CVE
04 January 20241 MAD = 10.14 CVE
05 January 20241 MAD = 10.18 CVE
06 January 20241 MAD = 10.06 CVE
07 January 20241 MAD = 10.09 CVE
08 January 20241 MAD = 10.49 CVE
09 January 20241 MAD = 10.13 CVE
10 January 20241 MAD = 10.46 CVE
11 January 20241 MAD = 10.11 CVE
12 January 20241 MAD = 10.11 CVE
14 January 20241 MAD = 10.12 CVE
15 January 20241 MAD = 10.44 CVE
16 January 20241 MAD = 10.45 CVE
17 January 20241 MAD = 10.47 CVE
18 January 20241 MAD = 10.16 CVE
19 January 20241 MAD = 10.15 CVE
22 January 20241 MAD = 10.51 CVE
23 January 20241 MAD = 10.18 CVE
24 January 20241 MAD = 10.20 CVE
25 January 20241 MAD = 10.16 CVE
26 January 20241 MAD = 10.16 CVE
28 January 20241 MAD = 10.17 CVE
29 January 20241 MAD = 10.51 CVE
30 January 20241 MAD = 10.18 CVE
31 January 20241 MAD = 10.17 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
MAD CVE August 2023
MAD CVE September 2023
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MAD CVE December 2023
MAD CVE January 2024
MAD CVE February 2024
MAD CVE March 2024
MAD CVE April 2024
MAD CVE May 2024
MAD CVE June 2024
MAD CVE July 2024