Pakistani rupee cape verdean escudo exchange rate history (PKR CVE) December 2023

Pakistani rupee cape verdean escudo history for December 2023. The highest quote for this month is 0.36357 (14/12/2023) and the lowest 0.36308 (18/12/2023). The difference between high and low is 0.13.

PKR CVE average rate for December 2023 is 0.35833, the change between 01/12/2023 and 31/12/2023 is +0.59 %.

01 December 2023	1 PKR = 0.3563 CVE
02 December 2023	1 PKR = 0.3562 CVE
03 December 2023	1 PKR = 0.3562 CVE
04 December 2023	1 PKR = 0.3612 CVE
05 December 2023	1 PKR = 0.3581 CVE
06 December 2023	1 PKR = 0.3592 CVE
07 December 2023	1 PKR = 0.3609 CVE
08 December 2023	1 PKR = 0.3599 CVE
10 December 2023	1 PKR = 0.3616 CVE
11 December 2023	1 PKR = 0.3623 CVE
12 December 2023	1 PKR = 0.3612 CVE
13 December 2023	1 PKR = 0.3620 CVE
14 December 2023	1 PKR = 0.3610 CVE
15 December 2023	1 PKR = 0.3640 CVE
16 December 2023	1 PKR = 0.3564 CVE
17 December 2023	1 PKR = 0.3564 CVE
18 December 2023	1 PKR = 0.3612 CVE
19 December 2023	1 PKR = 0.3632 CVE
20 December 2023	1 PKR = 0.3548 CVE
21 December 2023	1 PKR = 0.3555 CVE
22 December 2023	1 PKR = 0.3551 CVE
23 December 2023	1 PKR = 0.3554 CVE
24 December 2023	1 PKR = 0.3544 CVE
25 December 2023	1 PKR = 0.3603 CVE
26 December 2023	1 PKR = 0.3606 CVE
27 December 2023	1 PKR = 0.3543 CVE
28 December 2023	1 PKR = 0.3518 CVE
29 December 2023	1 PKR = 0.3542 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.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

Historic Pakistani rupee Cape Verdean escudo