


MKD information
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.
MM to MKD conversion rate trend
MM to MKD market statistics
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Current MM to MKD exchange rate
Million to Macedonian Denar is rising this week.MM to MKD Conversion tables
The exchange rate of Million is decreasing.MM to MKD
MKD to MM
MM to MKD Today vs. 24 hours ago
Amount | 15:57 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MM | ден31.99 | ден31.61 | +1.20% |
1 MM | ден63.98 | ден63.22 | +1.20% |
5 MM | ден319.89 | ден316.1 | +1.20% |
10 MM | ден639.78 | ден632.2 | +1.20% |
50 MM | ден3,198.92 | ден3,160.99 | +1.20% |
100 MM | ден6,397.85 | ден6,321.97 | +1.20% |
500 MM | ден31,989.23 | ден31,609.86 | +1.20% |
1000 MM | ден63,978.46 | ден63,219.73 | +1.20% |
MM to MKD Today vs. 1 month ago
Amount | 15:57 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MM | ден31.99 | ден33.75 | -5.22% |
1 MM | ден63.98 | ден67.5 | -5.22% |
5 MM | ден319.89 | ден337.5 | -5.22% |
10 MM | ден639.78 | ден675.01 | -5.22% |
50 MM | ден3,198.92 | ден3,375.03 | -5.22% |
100 MM | ден6,397.85 | ден6,750.07 | -5.22% |
500 MM | ден31,989.23 | ден33,750.33 | -5.22% |
1000 MM | ден63,978.46 | ден67,500.66 | -5.22% |
MM to MKD Today vs. 1 year ago
Amount | 15:57 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MM | ден31.99 | ден56.65 | -43.53% |
1 MM | ден63.98 | ден113.3 | -43.53% |
5 MM | ден319.89 | ден566.52 | -43.53% |
10 MM | ден639.78 | ден1,133.03 | -43.53% |
50 MM | ден3,198.92 | ден5,665.16 | -43.53% |
100 MM | ден6,397.85 | ден11,330.33 | -43.53% |
500 MM | ден31,989.23 | ден56,651.64 | -43.53% |
1000 MM | ден63,978.46 | ден113,303.29 | -43.53% |
How to convert MM to MKD



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