ITC to MKD Converter and calculator


Conversion rates
Convert ITC to MKD
Convert MKD to ITC
ITC to MKD chart
ITC to MKD conversion data: Volatility and price changes of ITC in MKD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.1101 MKD | 0.1101 MKD | 0.1277 MKD | 0.1580 MKD |
Low | 0.09835 MKD | 0.09835 MKD | 0.07633 MKD | 0.05309 MKD |
Average | 0 MKD | 0 MKD | 0 MKD | 0 MKD |
Volatility | % | % | % | % |
Change | -6.21% | -4.59% | +28.21% | -36.13% |
ITC information
ITC to MKD market statistics
Current ITC to MKD exchange rate
ITC to Macedonian Denar is falling this week.More info about ITC on Bitget
Macedonian Denar 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.
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ITC to MKD Conversion tables
Amount | 17:41 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ITC | ден0.04944 | ден0.05271 | -6.21% |
1 ITC | ден0.09887 | ден0.1054 | -6.21% |
5 ITC | ден0.4944 | ден0.5271 | -6.21% |
10 ITC | ден0.9887 | ден1.05 | -6.21% |
50 ITC | ден4.94 | ден5.27 | -6.21% |
100 ITC | ден9.89 | ден10.54 | -6.21% |
500 ITC | ден49.44 | ден52.71 | -6.21% |
1000 ITC | ден98.87 | ден105.41 | -6.21% |
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