Jamaican Dollar nigerian naira exchange rate history (JMD NGN) December 2023

Jamaican Dollar nigerian naira history for December 2023. The highest quote for this month is 5.9014 (27/12/2023) and the lowest 5.8884 (27/12/2023). The difference between high and low is 0.22.

JMD NGN average rate for December 2023 is 5.35548, the change between 01/12/2023 and 31/12/2023 is -13.71 %.

01 December 2023	1 JMD = 5.13 NGN
02 December 2023	1 JMD = 5.11 NGN
03 December 2023	1 JMD = 5.11 NGN
04 December 2023	1 JMD = 5.15 NGN
05 December 2023	1 JMD = 5.20 NGN
06 December 2023	1 JMD = 5.23 NGN
07 December 2023	1 JMD = 5.22 NGN
08 December 2023	1 JMD = 5.19 NGN
10 December 2023	1 JMD = 5.12 NGN
11 December 2023	1 JMD = 5.21 NGN
12 December 2023	1 JMD = 5.15 NGN
13 December 2023	1 JMD = 5.21 NGN
14 December 2023	1 JMD = 5.21 NGN
15 December 2023	1 JMD = 5.14 NGN
16 December 2023	1 JMD = 5.11 NGN
17 December 2023	1 JMD = 5.11 NGN
18 December 2023	1 JMD = 5.18 NGN
19 December 2023	1 JMD = 5.14 NGN
20 December 2023	1 JMD = 5.22 NGN
21 December 2023	1 JMD = 5.37 NGN
22 December 2023	1 JMD = 5.36 NGN
23 December 2023	1 JMD = 5.89 NGN
24 December 2023	1 JMD = 5.87 NGN
25 December 2023	1 JMD = 5.88 NGN
26 December 2023	1 JMD = 5.89 NGN
27 December 2023	1 JMD = 5.89 NGN
28 December 2023	1 JMD = 5.84 NGN
29 December 2023	1 JMD = 5.84 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

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.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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.

Historic Jamaican Dollar Nigerian Naira