Cape Verde Escudo

The Cape Verde Escudo decreased to 80.40 in April from 80.48 in March of 2014. Cape Verde Escudo averaged 91.94 from 1995 until 2014, reaching an all time high of 133.54 in October of 2000 and a record low of 1 in January of 2004. The USDCVE spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDCVE spot exchange rate is quoted and exchanged in the same day, the USDCVE forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Cape Verde Escudo - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
80.40 80.48 133.54 1.00 80.94 | 2014/05 1995 - 2014 Daily

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Cape Verde Escudo
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Markets Last Previous Highest Lowest Forecast Unit
Currency 80.40 2014-04-23 80.48 133.54 1.00 80.94 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Cape Verde Inflation Rate at 0.60 Percent  
The inflation rate in Cape Verde was recorded at 0.60 percent in March of 2014. Inflation Rate in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Interest Rate at 8.25 Percent  
The benchmark interest rate in Cape Verde was last recorded at 8.25 percent. Interest Rate in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Cape Verde stands at 15 percent. Sales Tax Rate in Cape Verde is reported by the Ministry of Finance.
Cape Verde Balance of Trade at -4504.30 CVE Million  
Cape Verde recorded a trade deficit of 4504.30 CVE Million in November of 2013. Balance of Trade in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Imports at 4989.99 CVE Million  
Imports in Cape Verde decreased to 4989.99 CVE Million in November of 2013 from 6720.37 CVE Million in October of 2013. Imports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Exports at 485.69 CVE Million  
Exports in Cape Verde decreased to 485.69 CVE Million in November of 2013 from 591.68 CVE Million in October of 2013. Exports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Current Account at -562.42 CVE Million  
Cape Verde recorded a Current Account deficit of 562.42 CVE Million in the third quarter of 2013. Current Account in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Consumer Confidence at 13.00  
Consumer Confidence in Cape Verde decreased to 13 in the fourth quarter of 2013 from 16 in the third quarter of 2013. Consumer Confidence in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Foreign Exchange Reserves at 33516.90 Escudo Million  
Gross Foreign Exchange Reserves in Cape Verde decreased to 33516.90 Escudo Million in October of 2013 from 33673 Escudo Million in September of 2013. Foreign Exchange Reserves in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Money Supply M2 at 129469.60 Escudo Million  
Money Supply M2 in Cape Verde increased to 129469.60 Escudo Million in October of 2013 from 129306.90 Escudo Million in September of 2013. Money Supply M2 in Cape Verde is reported by the Banco de Cabo Verde.
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The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
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South Korean Economy Expands at a Fastest Pace  
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At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
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US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
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