Historic Jamaican Dollar South Korean Won

Jamaican Dollar south korean won history for February 2024. The highest quote for this month is 8.6691 (02/02/2024) and the lowest 8.637 (24/02/2024). The difference between high and low is 0.37.

JMD KRW average rate for February 2024 is 8.60415, the change between 01/02/2024 and 29/02/2024 is +0.42 %.

01 February 20241 JMD = 8.68 KRW
02 February 20241 JMD = 8.64 KRW
03 February 20241 JMD = 8.63 KRW
04 February 20241 JMD = 8.63 KRW
05 February 20241 JMD = 8.59 KRW
06 February 20241 JMD = 8.63 KRW
07 February 20241 JMD = 8.58 KRW
08 February 20241 JMD = 8.60 KRW
09 February 20241 JMD = 8.65 KRW
12 February 20241 JMD = 8.60 KRW
13 February 20241 JMD = 8.58 KRW
14 February 20241 JMD = 8.67 KRW
15 February 20241 JMD = 8.55 KRW
16 February 20241 JMD = 8.55 KRW
17 February 20241 JMD = 8.54 KRW
18 February 20241 JMD = 8.54 KRW
19 February 20241 JMD = 8.60 KRW
20 February 20241 JMD = 8.60 KRW
21 February 20241 JMD = 8.61 KRW
22 February 20241 JMD = 8.60 KRW
23 February 20241 JMD = 8.56 KRW
24 February 20241 JMD = 8.64 KRW
25 February 20241 JMD = 8.55 KRW
26 February 20241 JMD = 8.60 KRW
27 February 20241 JMD = 8.60 KRW
28 February 20241 JMD = 8.64 KRW
29 February 20241 JMD = 8.65 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.
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