Historic Jamaican Dollar Malaysian ringgit

Jamaican Dollar malaysian ringgit history for February 2024. The highest quote for this month is 0.030995 (21/02/2024) and the lowest 0.031011 (24/02/2024). The difference between high and low is -0.05.

JMD MYR average rate for February 2024 is 0.03077, the change between 01/02/2024 and 29/02/2024 is -0.45 %.

01 February 20241 JMD = 0.0308 MYR
02 February 20241 JMD = 0.0307 MYR
03 February 20241 JMD = 0.0304 MYR
04 February 20241 JMD = 0.0304 MYR
05 February 20241 JMD = 0.0303 MYR
06 February 20241 JMD = 0.0307 MYR
07 February 20241 JMD = 0.0308 MYR
08 February 20241 JMD = 0.0308 MYR
09 February 20241 JMD = 0.0310 MYR
12 February 20241 JMD = 0.0308 MYR
13 February 20241 JMD = 0.0308 MYR
14 February 20241 JMD = 0.0308 MYR
15 February 20241 JMD = 0.0308 MYR
16 February 20241 JMD = 0.0308 MYR
17 February 20241 JMD = 0.0307 MYR
18 February 20241 JMD = 0.0307 MYR
19 February 20241 JMD = 0.0309 MYR
20 February 20241 JMD = 0.0309 MYR
21 February 20241 JMD = 0.0309 MYR
22 February 20241 JMD = 0.0309 MYR
23 February 20241 JMD = 0.0308 MYR
24 February 20241 JMD = 0.0310 MYR
25 February 20241 JMD = 0.0307 MYR
26 February 20241 JMD = 0.0309 MYR
27 February 20241 JMD = 0.0308 MYR
28 February 20241 JMD = 0.0309 MYR
29 February 20241 JMD = 0.0309 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.
JMD MYR July 2023
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JMD MYR February 2024
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