Macedonian Denar (MKD) Exchange Rates on 07th December 2019 (07/12/2019)
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Exchange rates for Macedonian Denar (MKD)
| Updated: 2019-12-07 | |||||||||
| Convert from | Convert to | 1 MKD | Conversion | in currency | Conversion | ||||
 MKD |
 GBP |
0 | MKD to GBP | 0 | GBP to MKD | ||||
| MKD |
 BGN |
0 | MKD to BGN | 0 | BGN to MKD | ||||
| MKD |
 HRK |
0 | MKD to HRK | 0 | HRK to MKD | ||||
| MKD |
 CZK |
0 | MKD to CZK | 0 | CZK to MKD | ||||
| MKD |
 DKK |
0 | MKD to DKK | 0 | DKK to MKD | ||||
| MKD |
 EEK |
0 | MKD to EEK | 0 | EEK to MKD | ||||
| MKD |
 HUF |
0 | MKD to HUF | 0 | HUF to MKD | ||||
| MKD |
 KZT |
3.8309 | MKD to KZT | 0.261 | KZT to MKD | ||||
| MKD |
 LVL |
0.0114 | MKD to LVL | 87.3826 | LVL to MKD | ||||
| MKD |
 LTL |
0.0562 | MKD to LTL | 17.7796 | LTL to MKD | ||||
| MKD |
MKD |
1 | MKD to MKD | 1 | MKD to MKD | ||||
| MKD |
 MDL |
0.301 | MKD to MDL | 3.3224 | MDL to MKD | ||||
| MKD |
 NOK |
0.1343 | MKD to NOK | 7.4453 | NOK to MKD | ||||
| MKD |
 PLN |
0.0684 | MKD to PLN | 14.6265 | PLN to MKD | ||||
| MKD |
 RON |
0.072 | MKD to RON | 13.8961 | RON to MKD | ||||
| MKD |
 RUB |
0.7905 | MKD to RUB | 1.265 | RUB to MKD | ||||
| MKD |
 SKK |
0 | MKD to SKK | 0 | SKK to MKD | ||||
| MKD |
 SEK |
0.1501 | MKD to SEK | 6.6623 | SEK to MKD | ||||
| MKD |
 CHF |
0 | MKD to CHF | 0 | CHF to MKD | ||||
| MKD |
 TRY |
0.0463 | MKD to TRY | 21.5811 | TRY to MKD | ||||
| MKD |
 UAH |
0.2732 | MKD to UAH | 3.6602 | UAH to MKD | ||||
Macedonian Denar (MKD)
Sign ден
1 Macedonian Denar is subdivided into 100 deni.
The Republic of Macedonia is located in the central Balkan Peninsula in Southeastern Europe. Macedonia is a landlocked country and borders Serbia, Bulgaria, Albania, Kosovo and Greece. The climate in Macedonia is transitional from continental to Mediterranean. The summers in the country are dry and hot while the winters are fairly cold. Precipitation varies but is much heavier and more frequent in the mountain areas in the western region of the country.
Coins used:
50 deni, 1, 2, 5, 10, 50 denari
Banknotes used:
10, 50, 100, 500, 1000, 5000 denari
Central Bank
National Bank of the Republic of Macedonia
http://www.nbrm.mk
The official currency for Macedonia is the Macedonian denar. The denar is subdivided into 100 deni. The Macedonian denar was introduced in 1992. When first introduced, the denar was equivalent to the Yugoslavian Convertible dinar. In 1993, the denar was reformed. The current exchange rate regime is in the Former Yugoslav Republic of Macedonia and is considered to be a managed float.
The denar’s exchange rate is determined on the basis of supply and demand from foreign exchange markets. The denar exchange rate against the euro serves as fundamental monetary policy for the Former Yugoslav Republic of Macedonia. In 2005, the exchange rates were 61 denars to one euro. Money supply and interest rates are dictated by this exchange rate which has remained fairly steady since 2005.
The name for the Macedonian denar comes from the denarius, an ancient monetary unit from Rome. The very first denar was introduced in 1992 and replaced the Yugoslav dinar that was introduced in 1990. The currency was again reformed in 1993 making one new denar equal to 100 old denar. There were no coins issued for the first introduced denar. Coins for the new denar were introduced in 1993 and came in denominations of 1, 2, and 5 denari. 50 deni were also introduced but these are no longer being made. 10 and 50 denari coins are now in circulation as well.
Banknotes in denominations of 10, 25, 50, 100, 500, 1000, 5000 and 10000 denari were introduced in 1992 for the first denar. In 1993 however, the new denar was issued. Denominations now include 10, 20, 50, 100 and 500. 20 denari was issued only in the first series of banknotes. 1000 and 5000 denari banknotes were introduced in 1996. Banknotes are issued by the National Bank of the Republic of Macedonia.
In 2002, a village in the south-western area of Macedonia, Vevcani, issued its own currency. The Licnik was distributed as a souvenir only and has no monetary value in Macedonia. The currency is labeled clearly as just a specimen and cannot be used to purchase goods in the country.
Other References
Wikipedia article on Macedonian Denar
XE.com Live Currency Converter for MKD
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