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

Jamaican Dollar south korean won history for October 2023. The highest quote for this month is 8.914 (28/10/2023) and the lowest 8.914 (28/10/2023). The difference between high and low is 0.

JMD KRW average rate for October 2023 is 8.80265, the change between 01/10/2023 and 31/10/2023 is -0.61 %.

01 October 2023	1 JMD = 8.77 KRW
02 October 2023	1 JMD = 8.80 KRW
03 October 2023	1 JMD = 8.84 KRW
04 October 2023	1 JMD = 8.87 KRW
05 October 2023	1 JMD = 8.83 KRW
06 October 2023	1 JMD = 8.78 KRW
07 October 2023	1 JMD = 8.73 KRW
09 October 2023	1 JMD = 8.79 KRW
10 October 2023	1 JMD = 8.80 KRW
11 October 2023	1 JMD = 8.76 KRW
12 October 2023	1 JMD = 8.73 KRW
13 October 2023	1 JMD = 8.78 KRW
16 October 2023	1 JMD = 8.80 KRW
17 October 2023	1 JMD = 8.76 KRW
18 October 2023	1 JMD = 8.81 KRW
19 October 2023	1 JMD = 8.79 KRW
20 October 2023	1 JMD = 8.81 KRW
21 October 2023	1 JMD = 8.76 KRW
22 October 2023	1 JMD = 8.76 KRW
23 October 2023	1 JMD = 8.82 KRW
24 October 2023	1 JMD = 8.73 KRW
25 October 2023	1 JMD = 8.78 KRW
26 October 2023	1 JMD = 8.84 KRW
27 October 2023	1 JMD = 8.80 KRW
28 October 2023	1 JMD = 8.91 KRW
29 October 2023	1 JMD = 8.91 KRW
30 October 2023	1 JMD = 8.88 KRW
31 October 2023	1 JMD = 8.83 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