Kuwaiti Dinar jamaican dollar exchange rate history (KWD JMD) August 2023

Kuwaiti Dinar jamaican dollar history for August 2023. The highest quote for this month is 502.25 (03/08/2023) and the lowest 498.9 (16/08/2023). The difference between high and low is 0.67.

KWD JMD average rate for August 2023 is 497.74269, the change between 01/08/2023 and 31/08/2023 is +0.28 %.

01 August 2023	1 KWD = 499.2 JMD
02 August 2023	1 KWD = 498.1 JMD
03 August 2023	1 KWD = 501.3 JMD
04 August 2023	1 KWD = 498.4 JMD
07 August 2023	1 KWD = 495.0 JMD
08 August 2023	1 KWD = 497.9 JMD
09 August 2023	1 KWD = 497.5 JMD
10 August 2023	1 KWD = 497.3 JMD
11 August 2023	1 KWD = 497.6 JMD
12 August 2023	1 KWD = 499.2 JMD
14 August 2023	1 KWD = 499.9 JMD
15 August 2023	1 KWD = 497.7 JMD
16 August 2023	1 KWD = 497.5 JMD
17 August 2023	1 KWD = 499.1 JMD
18 August 2023	1 KWD = 499.0 JMD
19 August 2023	1 KWD = 497.7 JMD
20 August 2023	1 KWD = 497.7 JMD
21 August 2023	1 KWD = 495.6 JMD
22 August 2023	1 KWD = 496.8 JMD
23 August 2023	1 KWD = 497.3 JMD
24 August 2023	1 KWD = 497.6 JMD
25 August 2023	1 KWD = 494.5 JMD
28 August 2023	1 KWD = 497.7 JMD
29 August 2023	1 KWD = 497.4 JMD
30 August 2023	1 KWD = 496.6 JMD
31 August 2023	1 KWD = 497.8 JMD

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

Historic Kuwaiti Dinar Jamaican Dollar