Historic Jamaican Dollar Indian Rupee

Jamaican Dollar indian rupee history for January 2024. The highest quote for this month is 0.54589 (02/01/2024) and the lowest 0.5458 (03/01/2024). The difference between high and low is 0.02.

JMD INR average rate for January 2024 is 0.54162, the change between 01/01/2024 and 31/01/2024 is +0.47 %.

01 January 20241 JMD = 0.5435 INR
02 January 20241 JMD = 0.5427 INR
03 January 20241 JMD = 0.5453 INR
04 January 20241 JMD = 0.5463 INR
05 January 20241 JMD = 0.5451 INR
06 January 20241 JMD = 0.5411 INR
07 January 20241 JMD = 0.5405 INR
08 January 20241 JMD = 0.5457 INR
09 January 20241 JMD = 0.5440 INR
10 January 20241 JMD = 0.5443 INR
11 January 20241 JMD = 0.5421 INR
12 January 20241 JMD = 0.5418 INR
14 January 20241 JMD = 0.5355 INR
15 January 20241 JMD = 0.5399 INR
16 January 20241 JMD = 0.5391 INR
17 January 20241 JMD = 0.5397 INR
18 January 20241 JMD = 0.5423 INR
19 January 20241 JMD = 0.5418 INR
22 January 20241 JMD = 0.5407 INR
23 January 20241 JMD = 0.5416 INR
24 January 20241 JMD = 0.5414 INR
25 January 20241 JMD = 0.5396 INR
26 January 20241 JMD = 0.5395 INR
28 January 20241 JMD = 0.5397 INR
29 January 20241 JMD = 0.5389 INR
30 January 20241 JMD = 0.5408 INR
31 January 20241 JMD = 0.5410 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.
JMD INR July 2023
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