Historic South African rand Cape Verdean escudo

South African rand cape verdean escudo history for February 2024. The highest quote for this month is 5.4424 (17/02/2024) and the lowest 5.4699 (02/02/2024). The difference between high and low is -0.51.

ZAR CVE average rate for February 2024 is 5.38412, the change between 01/02/2024 and 29/02/2024 is +3.1 %.

01 February 20241 ZAR = 5.45 CVE
02 February 20241 ZAR = 5.48 CVE
03 February 20241 ZAR = 5.40 CVE
04 February 20241 ZAR = 5.41 CVE
05 February 20241 ZAR = 5.41 CVE
06 February 20241 ZAR = 5.39 CVE
07 February 20241 ZAR = 5.45 CVE
08 February 20241 ZAR = 5.42 CVE
09 February 20241 ZAR = 5.40 CVE
12 February 20241 ZAR = 5.39 CVE
13 February 20241 ZAR = 5.41 CVE
14 February 20241 ZAR = 5.39 CVE
15 February 20241 ZAR = 5.40 CVE
16 February 20241 ZAR = 5.41 CVE
17 February 20241 ZAR = 5.44 CVE
18 February 20241 ZAR = 5.44 CVE
19 February 20241 ZAR = 5.43 CVE
20 February 20241 ZAR = 5.40 CVE
21 February 20241 ZAR = 5.40 CVE
22 February 20241 ZAR = 5.39 CVE
23 February 20241 ZAR = 5.32 CVE
24 February 20241 ZAR = 5.28 CVE
25 February 20241 ZAR = 5.27 CVE
26 February 20241 ZAR = 5.27 CVE
27 February 20241 ZAR = 5.29 CVE
28 February 20241 ZAR = 5.33 CVE
29 February 20241 ZAR = 5.28 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

01/01/2005: Decimalization of the escudo

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

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
ZAR CVE January 2024
ZAR CVE February 2024
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ZAR CVE January 2025