South African rand jamaican dollar exchange rate history (ZAR JMD) August 2023

South African rand jamaican dollar history for August 2023. The highest quote for this month is 8.4086 (01/08/2023) and the lowest 8.5687 (01/08/2023). The difference between high and low is -1.9.

ZAR JMD average rate for August 2023 is 8.16726, the change between 01/08/2023 and 31/08/2023 is +4.48 %.

01 August 2023	1 ZAR = 8.57 JMD
02 August 2023	1 ZAR = 8.38 JMD
03 August 2023	1 ZAR = 8.35 JMD
04 August 2023	1 ZAR = 8.21 JMD
07 August 2023	1 ZAR = 8.24 JMD
08 August 2023	1 ZAR = 8.18 JMD
09 August 2023	1 ZAR = 8.08 JMD
10 August 2023	1 ZAR = 8.06 JMD
11 August 2023	1 ZAR = 8.12 JMD
12 August 2023	1 ZAR = 8.11 JMD
14 August 2023	1 ZAR = 8.11 JMD
15 August 2023	1 ZAR = 8.02 JMD
16 August 2023	1 ZAR = 7.99 JMD
17 August 2023	1 ZAR = 8.00 JMD
18 August 2023	1 ZAR = 8.05 JMD
20 August 2023	1 ZAR = 8.07 JMD
21 August 2023	1 ZAR = 8.03 JMD
22 August 2023	1 ZAR = 8.07 JMD
23 August 2023	1 ZAR = 8.15 JMD
24 August 2023	1 ZAR = 8.30 JMD
25 August 2023	1 ZAR = 8.11 JMD
28 August 2023	1 ZAR = 8.24 JMD
29 August 2023	1 ZAR = 8.25 JMD
30 August 2023	1 ZAR = 8.29 JMD
31 August 2023	1 ZAR = 8.19 JMD

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 South African rand Jamaican Dollar