TOBY to MKD Converter and calculator


Conversion rates
Convert TOBY to MKD
Convert MKD to TOBY
TOBY to MKD chart
TOBY to MKD conversion data: Volatility and price changes of toby in MKD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{6}9517 MKD | 0.{5}1039 MKD | 0.{5}1069 MKD | 0.{5}2246 MKD |
Low | 0.{6}8225 MKD | 0.{6}8716 MKD | 0.{6}5210 MKD | 0.{6}5210 MKD |
Average | 0 MKD | 0 MKD | 0 MKD | 0 MKD |
Volatility | % | % | % | % |
Change | +3.67% | +12.89% | +1.57% | -39.57% |
toby information
TOBY to MKD market statistics
Current TOBY to MKD exchange rate
toby to Macedonian Denar is rising this week.More info about toby 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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TOBY to MKD Conversion tables
Amount | 06:21 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 TOBY | ден0.{6}4628 | ден0.{6}4464 | +3.67% |
1 TOBY | ден0.{6}9256 | ден0.{6}8928 | +3.67% |
5 TOBY | ден0.{5}4628 | ден0.{5}4464 | +3.67% |
10 TOBY | ден0.{5}9256 | ден0.{5}8928 | +3.67% |
50 TOBY | ден0.{4}4628 | ден0.{4}4464 | +3.67% |
100 TOBY | ден0.{4}9256 | ден0.{4}8928 | +3.67% |
500 TOBY | ден0.0004628 | ден0.0004464 | +3.67% |
1000 TOBY | ден0.0009256 | ден0.0008928 | +3.67% |
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