Malaysian ringgit jamaican dollar exchange rate history (MYR JMD) August 2023

Malaysian ringgit jamaican dollar history for August 2023. The highest quote for this month is 33.932 (01/08/2023) and the lowest 33.947 (01/08/2023). The difference between high and low is -0.04.

MYR JMD average rate for August 2023 is 33.2265, the change between 01/08/2023 and 31/08/2023 is +2.36 %.

01 August 2023	1 MYR = 33.81 JMD
02 August 2023	1 MYR = 33.83 JMD
03 August 2023	1 MYR = 33.83 JMD
04 August 2023	1 MYR = 33.70 JMD
07 August 2023	1 MYR = 33.39 JMD
08 August 2023	1 MYR = 33.55 JMD
09 August 2023	1 MYR = 33.37 JMD
10 August 2023	1 MYR = 33.44 JMD
11 August 2023	1 MYR = 33.45 JMD
12 August 2023	1 MYR = 33.49 JMD
14 August 2023	1 MYR = 33.49 JMD
15 August 2023	1 MYR = 33.11 JMD
16 August 2023	1 MYR = 32.98 JMD
17 August 2023	1 MYR = 33.15 JMD
18 August 2023	1 MYR = 32.99 JMD
19 August 2023	1 MYR = 32.99 JMD
20 August 2023	1 MYR = 32.99 JMD
21 August 2023	1 MYR = 32.80 JMD
22 August 2023	1 MYR = 32.89 JMD
23 August 2023	1 MYR = 32.94 JMD
24 August 2023	1 MYR = 32.96 JMD
25 August 2023	1 MYR = 32.81 JMD
28 August 2023	1 MYR = 33.07 JMD
29 August 2023	1 MYR = 32.92 JMD
30 August 2023	1 MYR = 32.93 JMD
31 August 2023	1 MYR = 33.01 JMD

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

Historic Malaysian ringgit Jamaican Dollar