Arab Emirates Dirham cape verdean escudo exchange rate history (AED CVE) December 2023

Arab Emirates Dirham cape verdean escudo history for December 2023. The highest quote for this month is 28.048 (14/12/2023) and the lowest 27.943 (10/12/2023). The difference between high and low is 0.37.

AED CVE average rate for December 2023 is 27.55646, the change between 01/12/2023 and 31/12/2023 is +1.34 %.

01 December 2023	1 AED = 27.52 CVE
02 December 2023	1 AED = 27.63 CVE
03 December 2023	1 AED = 27.62 CVE
04 December 2023	1 AED = 27.58 CVE
05 December 2023	1 AED = 27.73 CVE
06 December 2023	1 AED = 27.81 CVE
07 December 2023	1 AED = 27.84 CVE
08 December 2023	1 AED = 27.81 CVE
10 December 2023	1 AED = 27.94 CVE
11 December 2023	1 AED = 27.90 CVE
12 December 2023	1 AED = 27.89 CVE
13 December 2023	1 AED = 27.82 CVE
14 December 2023	1 AED = 27.85 CVE
15 December 2023	1 AED = 28.05 CVE
16 December 2023	1 AED = 27.48 CVE
17 December 2023	1 AED = 27.48 CVE
18 December 2023	1 AED = 27.52 CVE
19 December 2023	1 AED = 27.52 CVE
20 December 2023	1 AED = 27.34 CVE
21 December 2023	1 AED = 27.37 CVE
22 December 2023	1 AED = 27.33 CVE
23 December 2023	1 AED = 27.37 CVE
24 December 2023	1 AED = 27.26 CVE
25 December 2023	1 AED = 27.27 CVE
26 December 2023	1 AED = 27.29 CVE
27 December 2023	1 AED = 27.20 CVE
28 December 2023	1 AED = 27.02 CVE
29 December 2023	1 AED = 27.15 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/01/2005: Decimalization of the escudo

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

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

Historic Arab Emirates Dirham Cape Verdean escudo