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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.65%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$83788.00 (-2.95%)Fear and Greed Index31(Fear)
Total spot Bitcoin ETF netflow +$165.7M (1D); +$480.1M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.65%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$83788.00 (-2.95%)Fear and Greed Index31(Fear)
Total spot Bitcoin ETF netflow +$165.7M (1D); +$480.1M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
ROOT
MKD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of The Root Network(ROOT) to Macedonian Denar(MKD). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.57 MKD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
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.
Bitget crypto-to-fiat exchange data shows that the most popular The Root Network currency pair is the ROOT to MKD, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MKD.
ROOT to MKD conversion rate trend
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In the past 1D, The Root Network has changed -1.14% to MKD. Based on the trend and price charts, The Root Network(ROOT) has changed -1.14% to MKD while Macedonian Denar(MKD) has changed % to ROOT in the last 24 hours.
ROOT to MKD market statistics
ROOT/MKD:
ден 0.5738
ROOT 24h volume:
ден 286,206,731.21
ROOT market cap:
ден 830,115,513.31
ROOT circulating supply:
1.45B ROOT
More info about The Root Network on Bitget
Current ROOT to MKD exchange rate
The Root Network to Macedonian Denar is falling this week.The Root Network's current market price is ден 0.5738 per ROOT, with a total market cap of ден 830,115,513.31 MKD based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by -17.96% (ден -62,651,863.97 MKD) in the last 24 hours. Last trading day, ROOT's trading volume was ден 348,858,595.17.
ROOT to MKD Conversion tables
The exchange rate of The Root Network is decreasing.1 ROOT is currently valued at ден 0.5738 MKD , which means buying 5 ROOT will cost ден 2.87 MKD . Similarly, ден1 MKD can be traded for 1.74 ROOT, and ден50 MKD can be converted to 87.15 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Macedonian Denar has changed by -3.85% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.14%, reaching a high of 0.6293 MKD and a low of 0.5706 MKD . One month ago, the value of 1 ROOT was ден 0.8327 MKD , which represents a -31.13% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -90.75% in its value.
-ден
5.62MKDROOT to MKD
Amount
14:17 today
0.5 ROOT
ден0.2869
1 ROOT
ден0.5738
5 ROOT
ден2.87
10 ROOT
ден5.74
50 ROOT
ден28.69
100 ROOT
ден57.38
500 ROOT
ден286.88
1000 ROOT
ден573.75
MKD to ROOT
Amount14:17 today
0.5MKD0.8715 ROOT
1MKD1.74 ROOT
5MKD8.71 ROOT
10MKD17.43 ROOT
50MKD87.15 ROOT
100MKD174.29 ROOT
500MKD871.46 ROOT
1000MKD1,742.91 ROOT
ROOT to MKD Today vs. 24 hours ago
| Amount | 14:17 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | ден0.2869 | ден0.2902 | -1.14% |
| 1 ROOT | ден0.5738 | ден0.5803 | -1.14% |
| 5 ROOT | ден2.87 | ден2.9 | -1.14% |
| 10 ROOT | ден5.74 | ден5.8 | -1.14% |
| 50 ROOT | ден28.69 | ден29.02 | -1.14% |
| 100 ROOT | ден57.38 | ден58.03 | -1.14% |
| 500 ROOT | ден286.88 | ден290.17 | -1.14% |
| 1000 ROOT | ден573.75 | ден580.34 | -1.14% |
ROOT to MKD Today vs. 1 month ago
| Amount | 14:17 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | ден0.2869 | ден0.4164 | -31.13% |
| 1 ROOT | ден0.5738 | ден0.8327 | -31.13% |
| 5 ROOT | ден2.87 | ден4.16 | -31.13% |
| 10 ROOT | ден5.74 | ден8.33 | -31.13% |
| 50 ROOT | ден28.69 | ден41.64 | -31.13% |
| 100 ROOT | ден57.38 | ден83.27 | -31.13% |
| 500 ROOT | ден286.88 | ден416.35 | -31.13% |
| 1000 ROOT | ден573.75 | ден832.7 | -31.13% |
ROOT to MKD Today vs. 1 year ago
| Amount | 14:17 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | ден0.2869 | ден3.1 | -90.75% |
| 1 ROOT | ден0.5738 | ден6.19 | -90.75% |
| 5 ROOT | ден2.87 | ден30.96 | -90.75% |
| 10 ROOT | ден5.74 | ден61.92 | -90.75% |
| 50 ROOT | ден28.69 | ден309.6 | -90.75% |
| 100 ROOT | ден57.38 | ден619.21 | -90.75% |
| 500 ROOT | ден286.88 | ден3,096.04 | -90.75% |
| 1000 ROOT | ден573.75 | ден6,192.08 | -90.75% |
How to convert ROOT to MKD
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Convert ROOT to MKD
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for MKD (Macedonian Denar) offers
Bitget P2P trading does not currently support direct buying of ROOT with MKD. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell ROOT (or USDT) for MKD (Macedonian Denar) offers
Bitget P2P trading currently does not support direct selling of ROOT to MKD. However, you can first exchange ROOT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| 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 ROOT to MKD?
There are many factors that affect the relationship between The Root Network and Macedonian Denar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of ROOT/MKD. When there is positive news in the market about the widespread adoption of ROOT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ROOT/MKD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ROOT/MKD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of ROOT/MKD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of The Root Network and adjust their investment strategies accordingly in the evolving market.
The Root Network price prediction
What will the price of ROOT be in 2026?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.01283 in 2026.
What will the price of ROOT be in 2031?
In 2031, the ROOT price is expected to change by +21.00%. By the end of 2031, the ROOT price is projected to reach $0.02641, with a cumulative ROI of +161.83%.
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Popular The Root Network Converter
Check out these popular currency conversions of The Root Network to several fiat currencies.
ROOT to TWD
1 ROOT to NT$ 0.3335 TWD
ROOT to CNY
1 ROOT to ¥ 0.07327 CNY
ROOT to MKD
1 ROOT to ден 0.5736 MKD
ROOT to USD
1 ROOT to $ 0.01010 USD
ROOT to AUD
1 ROOT to $ 0.01606 AUD
ROOT to EUR
1 ROOT to € 0.009322 EUR
ROOT to CAD
1 ROOT to $ 0.01448 CAD
ROOT to KRW
1 ROOT to ₩ 14.78 KRW
ROOT to JPY
1 ROOT to ¥ 1.51 JPY
ROOT to GBP
1 ROOT to £ 0.007805 GBP
ROOT to BRL
1 ROOT to R$ 0.05760 BRL
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1 FARM to ден 2,013.72 MKD
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1 AERGO to ден 3.91 MKD
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1 AUCTION to ден 2,713.22 MKD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Root Network and MKD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Root Network and MKD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of The Root Network in MKD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
