Rwandan franc cape verdean escudo exchange rate history (RWF CVE) December 2023

Rwandan franc cape verdean escudo history for December 2023. The highest quote for this month is 0.082931 (14/12/2023) and the lowest 0.082969 (11/12/2023). The difference between high and low is -0.05.

RWF CVE average rate for December 2023 is 0.08155, the change between 01/12/2023 and 31/12/2023 is +3.07 %.

01 December 2023	1 RWF = 0.0823 CVE
02 December 2023	1 RWF = 0.0821 CVE
03 December 2023	1 RWF = 0.0821 CVE
04 December 2023	1 RWF = 0.0823 CVE
05 December 2023	1 RWF = 0.0827 CVE
06 December 2023	1 RWF = 0.0825 CVE
07 December 2023	1 RWF = 0.0828 CVE
08 December 2023	1 RWF = 0.0825 CVE
10 December 2023	1 RWF = 0.0828 CVE
11 December 2023	1 RWF = 0.0822 CVE
12 December 2023	1 RWF = 0.0826 CVE
13 December 2023	1 RWF = 0.0827 CVE
14 December 2023	1 RWF = 0.0823 CVE
15 December 2023	1 RWF = 0.0829 CVE
16 December 2023	1 RWF = 0.0811 CVE
17 December 2023	1 RWF = 0.0811 CVE
18 December 2023	1 RWF = 0.0812 CVE
19 December 2023	1 RWF = 0.0816 CVE
20 December 2023	1 RWF = 0.0807 CVE
21 December 2023	1 RWF = 0.0809 CVE
22 December 2023	1 RWF = 0.0804 CVE
23 December 2023	1 RWF = 0.0806 CVE
24 December 2023	1 RWF = 0.0801 CVE
25 December 2023	1 RWF = 0.0805 CVE
26 December 2023	1 RWF = 0.0805 CVE
27 December 2023	1 RWF = 0.0802 CVE
28 December 2023	1 RWF = 0.0796 CVE
29 December 2023	1 RWF = 0.0798 CVE

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2005: Decimalization of the escudo

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

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

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.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

Historic Rwandan franc Cape Verdean escudo