Tanzanian Shilling cape verdean escudo exchange rate history (TZS CVE) February 2024

Tanzanian Shilling cape verdean escudo history for February 2024. The highest quote for this month is 0.040532 (04/02/2024) and the lowest 0.041291 (12/02/2024). The difference between high and low is -1.87.

TZS CVE average rate for February 2024 is 0.04035, the change between 01/02/2024 and 29/02/2024 is -1.11 %.

01 February 2024	1 TZS = 0.0403 CVE
02 February 2024	1 TZS = 0.0399 CVE
03 February 2024	1 TZS = 0.0405 CVE
04 February 2024	1 TZS = 0.0405 CVE
05 February 2024	1 TZS = 0.0409 CVE
06 February 2024	1 TZS = 0.0404 CVE
07 February 2024	1 TZS = 0.0403 CVE
08 February 2024	1 TZS = 0.0402 CVE
09 February 2024	1 TZS = 0.0405 CVE
12 February 2024	1 TZS = 0.0413 CVE
13 February 2024	1 TZS = 0.0400 CVE
14 February 2024	1 TZS = 0.0404 CVE
15 February 2024	1 TZS = 0.0405 CVE
16 February 2024	1 TZS = 0.0403 CVE
17 February 2024	1 TZS = 0.0405 CVE
18 February 2024	1 TZS = 0.0405 CVE
19 February 2024	1 TZS = 0.0410 CVE
20 February 2024	1 TZS = 0.0401 CVE
21 February 2024	1 TZS = 0.0401 CVE
22 February 2024	1 TZS = 0.0400 CVE
23 February 2024	1 TZS = 0.0400 CVE
24 February 2024	1 TZS = 0.0400 CVE
25 February 2024	1 TZS = 0.0400 CVE
26 February 2024	1 TZS = 0.0407 CVE
27 February 2024	1 TZS = 0.0399 CVE
28 February 2024	1 TZS = 0.0399 CVE
29 February 2024	1 TZS = 0.0407 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.

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.

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.