Historic Arab Emirates Dirham Cape Verdean escudo

Arab Emirates Dirham cape verdean escudo history for January 2024. The highest quote for this month is 27.772 (30/01/2024) and the lowest 27.695 (30/01/2024). The difference between high and low is 0.28.

AED CVE average rate for January 2024 is 27.4683, the change between 01/01/2024 and 31/01/2024 is -1.97 %.

01 January 20241 AED = 27.16 CVE
02 January 20241 AED = 27.19 CVE
03 January 20241 AED = 27.15 CVE
04 January 20241 AED = 27.43 CVE
05 January 20241 AED = 27.44 CVE
06 January 20241 AED = 27.26 CVE
07 January 20241 AED = 27.26 CVE
08 January 20241 AED = 27.44 CVE
09 January 20241 AED = 27.38 CVE
10 January 20241 AED = 27.46 CVE
11 January 20241 AED = 27.37 CVE
12 January 20241 AED = 27.37 CVE
14 January 20241 AED = 27.39 CVE
15 January 20241 AED = 27.38 CVE
16 January 20241 AED = 27.41 CVE
17 January 20241 AED = 27.61 CVE
18 January 20241 AED = 27.64 CVE
19 January 20241 AED = 27.60 CVE
22 January 20241 AED = 27.56 CVE
23 January 20241 AED = 27.55 CVE
24 January 20241 AED = 27.71 CVE
25 January 20241 AED = 27.55 CVE
26 January 20241 AED = 27.61 CVE
28 January 20241 AED = 27.61 CVE
29 January 20241 AED = 27.64 CVE
30 January 20241 AED = 27.78 CVE
31 January 20241 AED = 27.70 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.
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