Historic Indian Rupee Jamaican Dollar

Indian Rupee jamaican dollar history for February 2024. The highest quote for this month is 1.8777 (17/02/2024) and the lowest 1.8775 (17/02/2024). The difference between high and low is 0.01.

INR JMD average rate for February 2024 is 1.86551, the change between 01/02/2024 and 29/02/2024 is -0.55 %.

01 February 20241 INR = 1.850 JMD
02 February 20241 INR = 1.856 JMD
03 February 20241 INR = 1.870 JMD
04 February 20241 INR = 1.868 JMD
05 February 20241 INR = 1.877 JMD
06 February 20241 INR = 1.860 JMD
07 February 20241 INR = 1.860 JMD
08 February 20241 INR = 1.860 JMD
09 February 20241 INR = 1.855 JMD
12 February 20241 INR = 1.863 JMD
13 February 20241 INR = 1.865 JMD
14 February 20241 INR = 1.862 JMD
15 February 20241 INR = 1.868 JMD
16 February 20241 INR = 1.870 JMD
17 February 20241 INR = 1.878 JMD
18 February 20241 INR = 1.878 JMD
19 February 20241 INR = 1.865 JMD
20 February 20241 INR = 1.867 JMD
21 February 20241 INR = 1.871 JMD
22 February 20241 INR = 1.868 JMD
23 February 20241 INR = 1.871 JMD
24 February 20241 INR = 1.859 JMD
25 February 20241 INR = 1.877 JMD
26 February 20241 INR = 1.865 JMD
27 February 20241 INR = 1.869 JMD
28 February 20241 INR = 1.859 JMD
29 February 20241 INR = 1.860 JMD

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

30/04/1994: Foreign exchange liberalization

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

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
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