Jamaican Dollar indian rupee exchange rate history (JMD INR) December 2023

Jamaican Dollar indian rupee history for December 2023. The highest quote for this month is 0.54492 (28/12/2023) and the lowest 0.54616 (14/12/2023). The difference between high and low is -0.23.

JMD INR average rate for December 2023 is 0.54073, the change between 01/12/2023 and 31/12/2023 is +1.12 %.

01 December 2023	1 JMD = 0.5417 INR
02 December 2023	1 JMD = 0.5393 INR
03 December 2023	1 JMD = 0.5393 INR
04 December 2023	1 JMD = 0.5439 INR
05 December 2023	1 JMD = 0.5432 INR
06 December 2023	1 JMD = 0.5431 INR
07 December 2023	1 JMD = 0.5415 INR
08 December 2023	1 JMD = 0.5406 INR
10 December 2023	1 JMD = 0.5401 INR
11 December 2023	1 JMD = 0.5410 INR
12 December 2023	1 JMD = 0.5411 INR
13 December 2023	1 JMD = 0.5422 INR
14 December 2023	1 JMD = 0.5407 INR
15 December 2023	1 JMD = 0.5414 INR
16 December 2023	1 JMD = 0.5369 INR
17 December 2023	1 JMD = 0.5369 INR
18 December 2023	1 JMD = 0.5364 INR
19 December 2023	1 JMD = 0.5408 INR
20 December 2023	1 JMD = 0.5419 INR
21 December 2023	1 JMD = 0.5428 INR
22 December 2023	1 JMD = 0.5404 INR
23 December 2023	1 JMD = 0.5408 INR
24 December 2023	1 JMD = 0.5408 INR
25 December 2023	1 JMD = 0.5417 INR
26 December 2023	1 JMD = 0.5417 INR
27 December 2023	1 JMD = 0.5414 INR
28 December 2023	1 JMD = 0.5430 INR
29 December 2023	1 JMD = 0.5356 INR

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.

Historic Jamaican Dollar Indian Rupee