Historic South African rand Jamaican Dollar

South African rand jamaican dollar history for January 2024. The highest quote for this month is 8.3604 (01/01/2024) and the lowest 8.3914 (01/01/2024). The difference between high and low is -0.37.

ZAR JMD average rate for January 2024 is 8.19571, the change between 01/01/2024 and 31/01/2024 is +2.41 %.

01 January 20241 ZAR = 8.38 JMD
02 January 20241 ZAR = 8.38 JMD
03 January 20241 ZAR = 8.23 JMD
04 January 20241 ZAR = 8.17 JMD
05 January 20241 ZAR = 8.17 JMD
06 January 20241 ZAR = 8.23 JMD
07 January 20241 ZAR = 8.23 JMD
08 January 20241 ZAR = 8.17 JMD
09 January 20241 ZAR = 8.22 JMD
10 January 20241 ZAR = 8.19 JMD
11 January 20241 ZAR = 8.22 JMD
12 January 20241 ZAR = 8.22 JMD
14 January 20241 ZAR = 8.31 JMD
15 January 20241 ZAR = 8.25 JMD
16 January 20241 ZAR = 8.24 JMD
17 January 20241 ZAR = 8.12 JMD
18 January 20241 ZAR = 8.04 JMD
19 January 20241 ZAR = 8.11 JMD
22 January 20241 ZAR = 8.09 JMD
23 January 20241 ZAR = 7.99 JMD
24 January 20241 ZAR = 8.13 JMD
25 January 20241 ZAR = 8.16 JMD
26 January 20241 ZAR = 8.16 JMD
27 January 20241 ZAR = 8.26 JMD
28 January 20241 ZAR = 8.20 JMD
29 January 20241 ZAR = 8.22 JMD
30 January 20241 ZAR = 8.19 JMD
31 January 20241 ZAR = 8.18 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.
ZAR JMD January 2024
ZAR JMD February 2024
ZAR JMD March 2024
ZAR JMD April 2024
ZAR JMD May 2024
ZAR JMD June 2024
ZAR JMD July 2024
ZAR JMD August 2024
ZAR JMD September 2024
ZAR JMD October 2024
ZAR JMD November 2024
ZAR JMD December 2024
ZAR JMD January 2025