Jamaican Dollar south african rand exchange rate history (JMD ZAR) November 2023

Jamaican Dollar south african rand history for November 2023. The highest quote for this month is 0.12299 (24/11/2023) and the lowest 0.12215 (24/11/2023). The difference between high and low is 0.68.

JMD ZAR average rate for November 2023 is 0.12045, the change between 01/11/2023 and 30/11/2023 is +0.17 %.

01 November 2023	1 JMD = 0.1219 ZAR
02 November 2023	1 JMD = 0.1203 ZAR
03 November 2023	1 JMD = 0.1202 ZAR
06 November 2023	1 JMD = 0.1201 ZAR
07 November 2023	1 JMD = 0.1197 ZAR
08 November 2023	1 JMD = 0.1193 ZAR
09 November 2023	1 JMD = 0.1193 ZAR
10 November 2023	1 JMD = 0.1209 ZAR
12 November 2023	1 JMD = 0.1212 ZAR
13 November 2023	1 JMD = 0.1219 ZAR
14 November 2023	1 JMD = 0.1212 ZAR
15 November 2023	1 JMD = 0.1185 ZAR
16 November 2023	1 JMD = 0.1179 ZAR
17 November 2023	1 JMD = 0.1190 ZAR
18 November 2023	1 JMD = 0.1187 ZAR
19 November 2023	1 JMD = 0.1187 ZAR
20 November 2023	1 JMD = 0.1195 ZAR
21 November 2023	1 JMD = 0.1191 ZAR
22 November 2023	1 JMD = 0.1209 ZAR
23 November 2023	1 JMD = 0.1225 ZAR
24 November 2023	1 JMD = 0.1221 ZAR
26 November 2023	1 JMD = 0.1220 ZAR
27 November 2023	1 JMD = 0.1227 ZAR
28 November 2023	1 JMD = 0.1214 ZAR
29 November 2023	1 JMD = 0.1210 ZAR
30 November 2023	1 JMD = 0.1217 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

30/04/1994: Foreign exchange liberalization

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

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic Jamaican Dollar South African rand