United States dollar cape verdean escudo exchange rate history (USD CVE) December 2023

United States dollar cape verdean escudo history for December 2023. The highest quote for this month is 103 (14/12/2023) and the lowest 102.6 (10/12/2023). The difference between high and low is 0.39.

USD CVE average rate for December 2023 is 101.18143, the change between 01/12/2023 and 31/12/2023 is +1.31 %.

01 December 2023	1 USD = 101.0 CVE
02 December 2023	1 USD = 101.5 CVE
03 December 2023	1 USD = 101.5 CVE
04 December 2023	1 USD = 101.3 CVE
05 December 2023	1 USD = 101.8 CVE
06 December 2023	1 USD = 102.1 CVE
07 December 2023	1 USD = 102.2 CVE
08 December 2023	1 USD = 102.1 CVE
10 December 2023	1 USD = 102.6 CVE
11 December 2023	1 USD = 102.4 CVE
12 December 2023	1 USD = 102.4 CVE
13 December 2023	1 USD = 102.1 CVE
14 December 2023	1 USD = 102.3 CVE
15 December 2023	1 USD = 103.0 CVE
16 December 2023	1 USD = 100.9 CVE
17 December 2023	1 USD = 100.9 CVE
18 December 2023	1 USD = 101.1 CVE
19 December 2023	1 USD = 101.1 CVE
20 December 2023	1 USD = 100.4 CVE
21 December 2023	1 USD = 100.5 CVE
22 December 2023	1 USD = 100.4 CVE
23 December 2023	1 USD = 100.5 CVE
24 December 2023	1 USD = 100.1 CVE
25 December 2023	1 USD = 100.1 CVE
26 December 2023	1 USD = 100.2 CVE
27 December 2023	1 USD = 99.90 CVE
28 December 2023	1 USD = 99.22 CVE
29 December 2023	1 USD = 99.70 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.

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.