Historic Nigerian Naira Cape Verdean escudo

Nigerian Naira cape verdean escudo history for January 2024. The highest quote for this month is 0.11422 (30/01/2024) and the lowest 0.11794 (18/01/2024). The difference between high and low is -3.26.

NGN CVE average rate for January 2024 is 0.11131, the change between 01/01/2024 and 31/01/2024 is -1.98 %.

01 January 20241 NGN = 0.1113 CVE
02 January 20241 NGN = 0.1111 CVE
03 January 20241 NGN = 0.1127 CVE
04 January 20241 NGN = 0.1130 CVE
05 January 20241 NGN = 0.1105 CVE
06 January 20241 NGN = 0.1096 CVE
07 January 20241 NGN = 0.1096 CVE
08 January 20241 NGN = 0.1102 CVE
09 January 20241 NGN = 0.1136 CVE
10 January 20241 NGN = 0.1103 CVE
11 January 20241 NGN = 0.1057 CVE
12 January 20241 NGN = 0.1050 CVE
15 January 20241 NGN = 0.1051 CVE
16 January 20241 NGN = 0.1051 CVE
17 January 20241 NGN = 0.1133 CVE
18 January 20241 NGN = 0.1162 CVE
19 January 20241 NGN = 0.1132 CVE
22 January 20241 NGN = 0.1136 CVE
23 January 20241 NGN = 0.1136 CVE
24 January 20241 NGN = 0.1112 CVE
25 January 20241 NGN = 0.1124 CVE
26 January 20241 NGN = 0.1142 CVE
28 January 20241 NGN = 0.1129 CVE
29 January 20241 NGN = 0.1129 CVE
30 January 20241 NGN = 0.1142 CVE
31 January 20241 NGN = 0.1135 CVE

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.

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

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.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

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.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

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.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.