Historic Tongan paʻanga Cape Verdean escudo

Tongan paʻanga cape verdean escudo history for February 2024. The highest quote for this month is 44.122 (20/02/2024) and the lowest 44.164 (20/02/2024). The difference between high and low is -0.1.

TOP CVE average rate for February 2024 is 43.51881, the change between 01/02/2024 and 29/02/2024 is -0.64 %.

01 February 20241 TOP = 42.99 CVE
02 February 20241 TOP = 43.25 CVE
03 February 20241 TOP = 43.44 CVE
04 February 20241 TOP = 43.44 CVE
05 February 20241 TOP = 43.29 CVE
06 February 20241 TOP = 43.36 CVE
07 February 20241 TOP = 43.14 CVE
08 February 20241 TOP = 43.39 CVE
09 February 20241 TOP = 44.09 CVE
12 February 20241 TOP = 43.76 CVE
13 February 20241 TOP = 43.80 CVE
14 February 20241 TOP = 43.84 CVE
15 February 20241 TOP = 43.84 CVE
16 February 20241 TOP = 43.82 CVE
17 February 20241 TOP = 43.85 CVE
18 February 20241 TOP = 43.85 CVE
19 February 20241 TOP = 43.74 CVE
20 February 20241 TOP = 44.03 CVE
21 February 20241 TOP = 43.70 CVE
22 February 20241 TOP = 43.38 CVE
23 February 20241 TOP = 43.37 CVE
24 February 20241 TOP = 43.37 CVE
25 February 20241 TOP = 43.37 CVE
26 February 20241 TOP = 43.15 CVE
27 February 20241 TOP = 42.90 CVE
28 February 20241 TOP = 43.57 CVE
29 February 20241 TOP = 43.26 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.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.
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