Swiss franc cape verdean escudo exchange rate history (CHF CVE) December 2023

Swiss franc cape verdean escudo history for December 2023. The highest quote for this month is 118.02 (29/12/2023) and the lowest 119.1 (29/12/2023). The difference between high and low is -0.92.

CHF CVE average rate for December 2023 is 116.92269, the change between 01/12/2023 and 31/12/2023 is -2.35 %.

01 December 2023	1 CHF = 115.5 CVE
02 December 2023	1 CHF = 116.8 CVE
03 December 2023	1 CHF = 116.8 CVE
04 December 2023	1 CHF = 116.7 CVE
05 December 2023	1 CHF = 116.7 CVE
06 December 2023	1 CHF = 116.7 CVE
07 December 2023	1 CHF = 116.9 CVE
08 December 2023	1 CHF = 116.6 CVE
10 December 2023	1 CHF = 116.6 CVE
11 December 2023	1 CHF = 116.5 CVE
12 December 2023	1 CHF = 116.6 CVE
13 December 2023	1 CHF = 116.7 CVE
14 December 2023	1 CHF = 117.4 CVE
15 December 2023	1 CHF = 118.8 CVE
18 December 2023	1 CHF = 116.1 CVE
19 December 2023	1 CHF = 116.5 CVE
20 December 2023	1 CHF = 116.7 CVE
21 December 2023	1 CHF = 116.5 CVE
22 December 2023	1 CHF = 117.2 CVE
23 December 2023	1 CHF = 117.6 CVE
24 December 2023	1 CHF = 117.0 CVE
25 December 2023	1 CHF = 117.1 CVE
26 December 2023	1 CHF = 117.1 CVE
27 December 2023	1 CHF = 117.0 CVE
28 December 2023	1 CHF = 117.8 CVE
29 December 2023	1 CHF = 118.2 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

01/01/2005: Decimalization of the escudo

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

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic Swiss franc Cape Verdean escudo