Historic Panamanian Balboa Cape Verdean escudo

Panamanian Balboa cape verdean escudo history for February 2024. The highest quote for this month is 105.24 (15/02/2024) and the lowest 105.36 (14/02/2024). The difference between high and low is -0.11.

PAB CVE average rate for February 2024 is 104.0137, the change between 01/02/2024 and 29/02/2024 is -0.27 %.

01 February 20241 PAB = 104.1 CVE
02 February 20241 PAB = 104.1 CVE
03 February 20241 PAB = 102.1 CVE
04 February 20241 PAB = 102.1 CVE
05 February 20241 PAB = 103.7 CVE
06 February 20241 PAB = 105.0 CVE
07 February 20241 PAB = 105.0 CVE
08 February 20241 PAB = 104.8 CVE
09 February 20241 PAB = 104.7 CVE
12 February 20241 PAB = 104.8 CVE
13 February 20241 PAB = 104.7 CVE
14 February 20241 PAB = 105.3 CVE
15 February 20241 PAB = 105.2 CVE
16 February 20241 PAB = 105.0 CVE
17 February 20241 PAB = 102.6 CVE
18 February 20241 PAB = 102.6 CVE
19 February 20241 PAB = 104.7 CVE
20 February 20241 PAB = 104.7 CVE
21 February 20241 PAB = 104.4 CVE
22 February 20241 PAB = 104.3 CVE
23 February 20241 PAB = 104.2 CVE
24 February 20241 PAB = 101.8 CVE
25 February 20241 PAB = 101.8 CVE
26 February 20241 PAB = 104.3 CVE
27 February 20241 PAB = 104.1 CVE
28 February 20241 PAB = 104.1 CVE
29 February 20241 PAB = 104.4 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.

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

01/01/2005: Decimalization of the escudo

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

01/01/1998: 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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
PAB CVE January 2024
PAB CVE February 2024
PAB CVE March 2024
PAB CVE April 2024
PAB CVE May 2024
PAB CVE June 2024
PAB CVE July 2024
PAB CVE August 2024
PAB CVE September 2024
PAB CVE October 2024
PAB CVE November 2024
PAB CVE December 2024
PAB CVE January 2025