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

Kuwaiti Dinar jamaican dollar history for October 2023. The highest quote for this month is 500.83 (13/10/2023) and the lowest 498.68 (19/10/2023). The difference between high and low is 0.43.

KWD JMD average rate for October 2023 is 496.49692, the change between 01/10/2023 and 31/10/2023 is +0.74 %.

01 October 2023	1 KWD = 498.6 JMD
02 October 2023	1 KWD = 497.8 JMD
03 October 2023	1 KWD = 496.0 JMD
04 October 2023	1 KWD = 496.1 JMD
05 October 2023	1 KWD = 495.6 JMD
06 October 2023	1 KWD = 496.8 JMD
09 October 2023	1 KWD = 495.0 JMD
10 October 2023	1 KWD = 495.9 JMD
11 October 2023	1 KWD = 496.2 JMD
12 October 2023	1 KWD = 496.6 JMD
13 October 2023	1 KWD = 497.4 JMD
16 October 2023	1 KWD = 497.0 JMD
17 October 2023	1 KWD = 498.3 JMD
18 October 2023	1 KWD = 497.3 JMD
19 October 2023	1 KWD = 499.0 JMD
20 October 2023	1 KWD = 498.7 JMD
21 October 2023	1 KWD = 498.2 JMD
22 October 2023	1 KWD = 498.2 JMD
23 October 2023	1 KWD = 495.8 JMD
24 October 2023	1 KWD = 494.9 JMD
25 October 2023	1 KWD = 496.2 JMD
26 October 2023	1 KWD = 495.8 JMD
27 October 2023	1 KWD = 496.8 JMD
29 October 2023	1 KWD = 491.6 JMD
30 October 2023	1 KWD = 494.6 JMD
31 October 2023	1 KWD = 494.9 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