Jamaican Dollar malaysian ringgit exchange rate history (JMD MYR) August 2023

Jamaican Dollar malaysian ringgit history for August 2023. The highest quote for this month is 0.030551 (24/08/2023) and the lowest 0.030466 (24/08/2023). The difference between high and low is 0.28.

JMD MYR average rate for August 2023 is 0.0301, the change between 01/08/2023 and 31/08/2023 is -2.41 %.

01 August 2023	1 JMD = 0.0296 MYR
02 August 2023	1 JMD = 0.0296 MYR
03 August 2023	1 JMD = 0.0296 MYR
04 August 2023	1 JMD = 0.0297 MYR
07 August 2023	1 JMD = 0.0300 MYR
08 August 2023	1 JMD = 0.0298 MYR
09 August 2023	1 JMD = 0.0300 MYR
10 August 2023	1 JMD = 0.0299 MYR
11 August 2023	1 JMD = 0.0299 MYR
12 August 2023	1 JMD = 0.0299 MYR
14 August 2023	1 JMD = 0.0299 MYR
15 August 2023	1 JMD = 0.0302 MYR
16 August 2023	1 JMD = 0.0303 MYR
17 August 2023	1 JMD = 0.0302 MYR
18 August 2023	1 JMD = 0.0303 MYR
19 August 2023	1 JMD = 0.0303 MYR
20 August 2023	1 JMD = 0.0303 MYR
21 August 2023	1 JMD = 0.0305 MYR
22 August 2023	1 JMD = 0.0304 MYR
23 August 2023	1 JMD = 0.0304 MYR
24 August 2023	1 JMD = 0.0303 MYR
25 August 2023	1 JMD = 0.0305 MYR
28 August 2023	1 JMD = 0.0302 MYR
29 August 2023	1 JMD = 0.0304 MYR
30 August 2023	1 JMD = 0.0304 MYR
31 August 2023	1 JMD = 0.0303 MYR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

Historic Jamaican Dollar Malaysian ringgit