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FXS
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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
ден105.34
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Binance
ден105.68
0.1000% / 0.1000%
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OKX
ден105.79
0.080% / 0.100%
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Huobi
ден105.41
0.1000% / 0.1000%
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Gate.io
ден105.68
0.1000% / 0.1000%
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Bybit
ден106.01
0.1000% / 0.1000%
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KuCoin
ден105.51
0.1000% / 0.1000%
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$153.35M
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$11.64M
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84.06M FXS

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0.5 FXS
ден51.65
1 FXS
ден103.31
5 FXS
ден516.54
10 FXS
ден1,033.07
50 FXS
ден5,165.35
100 FXS
ден10,330.7
500 FXS
ден51,653.51
1000 FXS
ден103,307.02

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0.5MKD0.004840  FXS
1MKD0.009680  FXS
5MKD0.04840  FXS
10MKD0.09680  FXS
50MKD0.4840  FXS
100MKD0.9680  FXS
500MKD4.84  FXS
1000MKD9.68  FXS

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0.5 FXS$0.9121$0.9598
-4.97%
1 FXS$1.82$1.92
-4.97%
5 FXS$9.12$9.6
-4.97%
10 FXS$18.24$19.2
-4.97%
50 FXS$91.21$95.98
-4.97%
100 FXS$182.42$191.97
-4.97%
500 FXS$912.09$959.84
-4.97%
1000 FXS$1,824.18$1,919.69
-4.97%

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0.5 FXS$0.9121$1.06
-14.01%
1 FXS$1.82$2.12
-14.01%
5 FXS$9.12$10.61
-14.01%
10 FXS$18.24$21.21
-14.01%
50 FXS$91.21$106.07
-14.01%
100 FXS$182.42$212.14
-14.01%
500 FXS$912.09$1,060.71
-14.01%
1000 FXS$1,824.18$2,121.41
-14.01%

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0.5 FXS$0.9121$3.08
-70.38%
1 FXS$1.82$6.16
-70.38%
5 FXS$9.12$30.79
-70.38%
10 FXS$18.24$61.59
-70.38%
50 FXS$91.21$307.93
-70.38%
100 FXS$182.42$615.86
-70.38%
500 FXS$912.09$3,079.29
-70.38%
1000 FXS$1,824.18$6,158.59
-70.38%

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