Historic Jamaican Dollar South Korean Won

Jamaican Dollar south korean won history for January 2024. The highest quote for this month is 8.7688 (18/01/2024) and the lowest 8.718 (18/01/2024). The difference between high and low is 0.58.

JMD KRW average rate for January 2024 is 8.61406, the change between 01/01/2024 and 31/01/2024 is -2.24 %.

01 January 20241 JMD = 8.45 KRW
02 January 20241 JMD = 8.44 KRW
03 January 20241 JMD = 8.56 KRW
04 January 20241 JMD = 8.59 KRW
05 January 20241 JMD = 8.59 KRW
06 January 20241 JMD = 8.56 KRW
07 January 20241 JMD = 8.55 KRW
08 January 20241 JMD = 8.61 KRW
09 January 20241 JMD = 8.59 KRW
10 January 20241 JMD = 8.64 KRW
11 January 20241 JMD = 8.60 KRW
12 January 20241 JMD = 8.56 KRW
14 January 20241 JMD = 8.49 KRW
15 January 20241 JMD = 8.55 KRW
16 January 20241 JMD = 8.59 KRW
17 January 20241 JMD = 8.69 KRW
18 January 20241 JMD = 8.76 KRW
19 January 20241 JMD = 8.71 KRW
22 January 20241 JMD = 8.67 KRW
23 January 20241 JMD = 8.72 KRW
24 January 20241 JMD = 8.70 KRW
25 January 20241 JMD = 8.64 KRW
26 January 20241 JMD = 8.67 KRW
28 January 20241 JMD = 8.68 KRW
29 January 20241 JMD = 8.67 KRW
30 January 20241 JMD = 8.67 KRW
31 January 20241 JMD = 8.63 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.
JMD KRW August 2023
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JMD KRW January 2024
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