Singapore dollar cape verdean escudo exchange rate history (SGD CVE) December 2023

Singapore dollar cape verdean escudo history for December 2023. The highest quote for this month is 77.283 (14/12/2023) and the lowest 76.556 (10/12/2023). The difference between high and low is 0.94.

SGD CVE average rate for December 2023 is 75.96343, the change between 01/12/2023 and 31/12/2023 is +0.03 %.

01 December 2023	1 SGD = 75.56 CVE
02 December 2023	1 SGD = 76.09 CVE
03 December 2023	1 SGD = 76.07 CVE
04 December 2023	1 SGD = 75.99 CVE
05 December 2023	1 SGD = 76.10 CVE
06 December 2023	1 SGD = 76.17 CVE
07 December 2023	1 SGD = 76.18 CVE
08 December 2023	1 SGD = 76.22 CVE
10 December 2023	1 SGD = 76.56 CVE
11 December 2023	1 SGD = 76.37 CVE
12 December 2023	1 SGD = 76.20 CVE
13 December 2023	1 SGD = 76.15 CVE
14 December 2023	1 SGD = 76.73 CVE
15 December 2023	1 SGD = 77.54 CVE
16 December 2023	1 SGD = 75.76 CVE
17 December 2023	1 SGD = 75.76 CVE
18 December 2023	1 SGD = 75.81 CVE
19 December 2023	1 SGD = 75.86 CVE
20 December 2023	1 SGD = 75.59 CVE
21 December 2023	1 SGD = 75.47 CVE
22 December 2023	1 SGD = 75.65 CVE
23 December 2023	1 SGD = 75.93 CVE
24 December 2023	1 SGD = 75.63 CVE
25 December 2023	1 SGD = 75.73 CVE
26 December 2023	1 SGD = 75.63 CVE
27 December 2023	1 SGD = 75.52 CVE
28 December 2023	1 SGD = 75.19 CVE
29 December 2023	1 SGD = 75.54 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

Historic Singapore dollar Cape Verdean escudo