Brazilian Real jamaican dollar exchange rate history (BRL JMD) October 2023

Brazilian Real jamaican dollar history for October 2023. The highest quote for this month is 30.703 (27/10/2023) and the lowest 31.048 (27/10/2023). The difference between high and low is -1.12.

BRL JMD average rate for October 2023 is 30.32879, the change between 01/10/2023 and 31/10/2023 is +1.17 %.

01 October 2023	1 BRL = 30.62 JMD
02 October 2023	1 BRL = 30.47 JMD
03 October 2023	1 BRL = 30.26 JMD
04 October 2023	1 BRL = 29.65 JMD
05 October 2023	1 BRL = 29.69 JMD
06 October 2023	1 BRL = 29.69 JMD
07 October 2023	1 BRL = 29.92 JMD
09 October 2023	1 BRL = 29.71 JMD
10 October 2023	1 BRL = 29.79 JMD
11 October 2023	1 BRL = 30.32 JMD
12 October 2023	1 BRL = 30.35 JMD
13 October 2023	1 BRL = 30.44 JMD
16 October 2023	1 BRL = 30.42 JMD
17 October 2023	1 BRL = 30.54 JMD
18 October 2023	1 BRL = 30.50 JMD
19 October 2023	1 BRL = 30.47 JMD
20 October 2023	1 BRL = 30.41 JMD
21 October 2023	1 BRL = 30.62 JMD
22 October 2023	1 BRL = 30.61 JMD
23 October 2023	1 BRL = 30.42 JMD
24 October 2023	1 BRL = 30.51 JMD
25 October 2023	1 BRL = 30.68 JMD
26 October 2023	1 BRL = 30.65 JMD
27 October 2023	1 BRL = 30.77 JMD
28 October 2023	1 BRL = 30.31 JMD
29 October 2023	1 BRL = 30.32 JMD
30 October 2023	1 BRL = 30.83 JMD
31 October 2023	1 BRL = 30.26 JMD

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

Historic Brazilian Real Jamaican Dollar