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.
NEWB to MKD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ден233.49 | 0.0200% / 0.0320%VIP 7 |
How to buy NewB.Farm
Buy NEWB (or USDT) for MKD (Macedonian Denar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell NEWB (or USDT) for MKD (Macedonian Denar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of NewB.Farm to Macedonian Denar?
NewB.Farm to Macedonian Denar is falling this week.Conversion tables
The exchange rate of NewB.Farm is increasing.NEWB to MKD
MKD to NEWB
Today vs. 24 hours ago
Amount | 16:33 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NEWB | $1.99 | $1.94 | +2.81% |
1 NEWB | $3.98 | $3.87 | +2.81% |
5 NEWB | $19.9 | $19.36 | +2.81% |
10 NEWB | $39.8 | $38.72 | +2.81% |
50 NEWB | $199.02 | $193.58 | +2.81% |
100 NEWB | $398.05 | $387.15 | +2.81% |
500 NEWB | $1,990.23 | $1,935.77 | +2.81% |
1000 NEWB | $3,980.46 | $3,871.55 | +2.81% |
Today vs. 1 month ago
Amount | 16:33 today | 1 month ago | 1M change |
---|---|---|---|
0.5 NEWB | $1.99 | $1.88 | +5.72% |
1 NEWB | $3.98 | $3.76 | +5.72% |
5 NEWB | $19.9 | $18.82 | +5.72% |
10 NEWB | $39.8 | $37.65 | +5.72% |
50 NEWB | $199.02 | $188.25 | +5.72% |
100 NEWB | $398.05 | $376.49 | +5.72% |
500 NEWB | $1,990.23 | $1,882.47 | +5.72% |
1000 NEWB | $3,980.46 | $3,764.93 | +5.72% |
Today vs. 1 year ago
Amount | 16:33 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NEWB | $1.99 | $1.03 | +93.56% |
1 NEWB | $3.98 | $2.06 | +93.56% |
5 NEWB | $19.9 | $10.28 | +93.56% |
10 NEWB | $39.8 | $20.56 | +93.56% |
50 NEWB | $199.02 | $102.82 | +93.56% |
100 NEWB | $398.05 | $205.65 | +93.56% |
500 NEWB | $1,990.23 | $1,028.23 | +93.56% |
1000 NEWB | $3,980.46 | $2,056.46 | +93.56% |
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