Historic Singapore dollar Cape Verdean escudo

Singapore dollar cape verdean escudo history for February 2024. The highest quote for this month is 76.351 (07/02/2024) and the lowest 76.368 (06/02/2024). The difference between high and low is -0.02.

SGD CVE average rate for February 2024 is 75.98796, the change between 01/02/2024 and 29/02/2024 is +0.18 %.

01 February 20241 SGD = 75.72 CVE
02 February 20241 SGD = 76.05 CVE
03 February 20241 SGD = 76.08 CVE
04 February 20241 SGD = 76.10 CVE
05 February 20241 SGD = 76.10 CVE
06 February 20241 SGD = 76.20 CVE
07 February 20241 SGD = 76.36 CVE
08 February 20241 SGD = 76.23 CVE
09 February 20241 SGD = 75.99 CVE
12 February 20241 SGD = 76.03 CVE
13 February 20241 SGD = 76.07 CVE
14 February 20241 SGD = 76.16 CVE
15 February 20241 SGD = 76.24 CVE
16 February 20241 SGD = 76.18 CVE
17 February 20241 SGD = 76.20 CVE
18 February 20241 SGD = 76.17 CVE
19 February 20241 SGD = 76.05 CVE
20 February 20241 SGD = 75.98 CVE
21 February 20241 SGD = 75.91 CVE
22 February 20241 SGD = 75.82 CVE
23 February 20241 SGD = 75.84 CVE
24 February 20241 SGD = 75.78 CVE
25 February 20241 SGD = 75.81 CVE
26 February 20241 SGD = 75.75 CVE
27 February 20241 SGD = 75.62 CVE
28 February 20241 SGD = 75.64 CVE
29 February 20241 SGD = 75.59 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.
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