Jamaican Dollar south korean won exchange rate history (JMD KRW) November 2023

Jamaican Dollar south korean won history for November 2023. The highest quote for this month is 8.8662 (01/11/2023) and the lowest 8.7917 (01/11/2023). The difference between high and low is 0.84.

JMD KRW average rate for November 2023 is 8.49194, the change between 01/11/2023 and 30/11/2023 is +5.31 %.

01 November 2023	1 JMD = 8.84 KRW
02 November 2023	1 JMD = 8.79 KRW
03 November 2023	1 JMD = 8.71 KRW
06 November 2023	1 JMD = 8.60 KRW
07 November 2023	1 JMD = 8.49 KRW
08 November 2023	1 JMD = 8.49 KRW
09 November 2023	1 JMD = 8.44 KRW
10 November 2023	1 JMD = 8.52 KRW
12 November 2023	1 JMD = 8.52 KRW
13 November 2023	1 JMD = 8.59 KRW
14 November 2023	1 JMD = 8.56 KRW
15 November 2023	1 JMD = 8.48 KRW
16 November 2023	1 JMD = 8.44 KRW
17 November 2023	1 JMD = 8.38 KRW
18 November 2023	1 JMD = 8.36 KRW
19 November 2023	1 JMD = 8.36 KRW
20 November 2023	1 JMD = 8.44 KRW
21 November 2023	1 JMD = 8.37 KRW
22 November 2023	1 JMD = 8.42 KRW
23 November 2023	1 JMD = 8.43 KRW
24 November 2023	1 JMD = 8.44 KRW
26 November 2023	1 JMD = 8.44 KRW
27 November 2023	1 JMD = 8.42 KRW
28 November 2023	1 JMD = 8.48 KRW
29 November 2023	1 JMD = 8.39 KRW
30 November 2023	1 JMD = 8.37 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.

Historic Jamaican Dollar South Korean Won