United States dollar cape verdean escudo history for August 2023. The highest quote for this month is 102.1 (28/08/2023) and the lowest 102 (28/08/2023). The difference between high and low is 0.1.
USD CVE average rate for August 2023 is 100.8275, the change between 01/08/2023 and 31/08/2023 is -1.93 %.
| 01 August 2023 | 1 USD = 100.2 CVE |
| 04 August 2023 | 1 USD = 100.7 CVE |
| 07 August 2023 | 1 USD = 100.1 CVE |
| 08 August 2023 | 1 USD = 100.4 CVE |
| 10 August 2023 | 1 USD = 100.5 CVE |
| 12 August 2023 | 1 USD = 100.4 CVE |
| 14 August 2023 | 1 USD = 100.7 CVE |
| 15 August 2023 | 1 USD = 101.1 CVE |
| 17 August 2023 | 1 USD = 101.0 CVE |
| 20 August 2023 | 1 USD = 101.5 CVE |
| 21 August 2023 | 1 USD = 101.2 CVE |
| 28 August 2023 | 1 USD = 102.1 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.