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AUCTION
AUCTION
swap
MKD
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About Macedonian Denar (MKD)

The Macedonian Denar (MKD), introduced in 1992, is more than just the official currency of North Macedonia; it represents the country's transition from a Yugoslav republic to an independent nation with aspirations for economic growth and stability. It is commonly abbreviated as MKD and represented by the symbol ден.

Historical Background

The introduction of the Denar was a crucial part of North Macedonia’s journey to sovereignty following the breakup of Yugoslavia. Replacing the Yugoslav Dinar, the Macedonian Denar symbolized a new era of self-determination and was instrumental in establishing a separate and independent monetary policy.

Design and Symbolism

The design of the Macedonian Denar is a rich tapestry of the country's history, culture, and natural beauty. Banknotes and coins feature images of historical figures, ancient artifacts, and architectural landmarks, reflecting Macedonia's cultural heritage and identity. These designs not only facilitate economic transactions but also serve as a source of national pride and identity.

Economic Role

The Denar plays a vital role in North Macedonia’s economy, characterized by its diverse sectors including agriculture, textiles, and a growing tourism industry. As the primary medium of exchange, it supports these economic activities, facilitating trade, investment, and everyday financial transactions of individuals and businesses.

Monetary Policy and Inflation

Managed by the National Bank of the Republic of North Macedonia, the Denar has maintained relative stability, benefiting from prudent fiscal and monetary policies. The central bank’s strategies aim to maintain currency stability, control inflation, and foster a healthy economic environment conducive to growth and investment.

International Trade and the Macedonian Denar

The Denar’s exchange rate plays a significant role in international trade, particularly for North Macedonia's exports such as iron, steel, and agricultural products. A stable Denar is crucial for maintaining competitive export prices and attracting foreign direct investment.

Remittances and Economic Impact

Remittances from the Macedonian diaspora, particularly from Europe and North America, are an important source of foreign income. These inflows, converted into Denars, significantly contribute to the national economy and support the currency's stability.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
ден701.3
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Binance
ден701
0.1000% / 0.1000%
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Coinbase Exchange
ден310.36
0.1000% / 0.1000%
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OKX
ден701.34
0.080% / 0.100%
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Huobi
ден700.96
0.1000% / 0.1000%
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Gate.io
ден701.22
0.1000% / 0.1000%
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KuCoin
ден695.34
0.1000% / 0.1000%
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$81.96M
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$14.53M
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6.59M AUCTION

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0.5 AUCTION
ден351.55
1 AUCTION
ден703.11
5 AUCTION
ден3,515.54
10 AUCTION
ден7,031.08
50 AUCTION
ден35,155.41
100 AUCTION
ден70,310.82
500 AUCTION
ден351,554.11
1000 AUCTION
ден703,108.21

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0.5MKD0.0007111  AUCTION
1MKD0.001422  AUCTION
5MKD0.007111  AUCTION
10MKD0.01422  AUCTION
50MKD0.07111  AUCTION
100MKD0.1422  AUCTION
500MKD0.7111  AUCTION
1000MKD1.42  AUCTION

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0.5 AUCTION$6.22$6.27
-0.89%
1 AUCTION$12.44$12.55
-0.89%
5 AUCTION$62.19$62.74
-0.89%
10 AUCTION$124.37$125.49
-0.89%
50 AUCTION$621.87$627.43
-0.89%
100 AUCTION$1,243.73$1,254.86
-0.89%
500 AUCTION$6,218.66$6,274.28
-0.89%
1000 AUCTION$12,437.33$12,548.56
-0.89%

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0.5 AUCTION$6.22$6.56
-5.16%
1 AUCTION$12.44$13.11
-5.16%
5 AUCTION$62.19$65.57
-5.16%
10 AUCTION$124.37$131.14
-5.16%
50 AUCTION$621.87$655.72
-5.16%
100 AUCTION$1,243.73$1,311.43
-5.16%
500 AUCTION$6,218.66$6,557.15
-5.16%
1000 AUCTION$12,437.33$13,114.3
-5.16%

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0.5 AUCTION$6.22$3.39
+83.34%
1 AUCTION$12.44$6.78
+83.34%
5 AUCTION$62.19$33.91
+83.34%
10 AUCTION$124.37$67.82
+83.34%
50 AUCTION$621.87$339.11
+83.34%
100 AUCTION$1,243.73$678.23
+83.34%
500 AUCTION$6,218.66$3,391.14
+83.34%
1000 AUCTION$12,437.33$6,782.28
+83.34%

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