Historic Nigerian Naira Jamaican Dollar

Nigerian Naira jamaican dollar history for February 2024. The highest quote for this month is 0.12925 (01/02/2024) and the lowest 0.12905 (01/02/2024). The difference between high and low is 0.15.

NGN JMD average rate for February 2024 is 0.10606, the change between 01/02/2024 and 29/02/2024 is +26.47 %.

01 February 20241 NGN = 0.1287 JMD
02 February 20241 NGN = 0.1291 JMD
03 February 20241 NGN = 0.1097 JMD
04 February 20241 NGN = 0.1097 JMD
05 February 20241 NGN = 0.1307 JMD
06 February 20241 NGN = 0.1104 JMD
07 February 20241 NGN = 0.1098 JMD
08 February 20241 NGN = 0.1089 JMD
09 February 20241 NGN = 0.1097 JMD
12 February 20241 NGN = 0.1049 JMD
13 February 20241 NGN = 0.1030 JMD
14 February 20241 NGN = 0.1021 JMD
15 February 20241 NGN = 0.1023 JMD
16 February 20241 NGN = 0.1024 JMD
17 February 20241 NGN = 0.1044 JMD
18 February 20241 NGN = 0.1044 JMD
19 February 20241 NGN = 0.1037 JMD
20 February 20241 NGN = 0.1038 JMD
21 February 20241 NGN = 0.0965 JMD
22 February 20241 NGN = 0.0964 JMD
23 February 20241 NGN = 0.0965 JMD
24 February 20241 NGN = 0.1035 JMD
25 February 20241 NGN = 0.1045 JMD
26 February 20241 NGN = 0.0962 JMD
27 February 20241 NGN = 0.1003 JMD
28 February 20241 NGN = 0.0977 JMD
29 February 20241 NGN = 0.0946 JMD

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.
NGN JMD January 2024
NGN JMD February 2024
NGN JMD March 2024
NGN JMD April 2024
NGN JMD May 2024
NGN JMD June 2024
NGN JMD July 2024
NGN JMD August 2024
NGN JMD September 2024
NGN JMD October 2024
NGN JMD November 2024
NGN JMD December 2024
NGN JMD January 2025