


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.
YEL to MKD conversion rate trend
YEL to MKD market statistics
More info about YEL.Finance on Bitget
Current YEL to MKD exchange rate
YEL.Finance to Macedonian Denar is falling this week.YEL to MKD Conversion tables
The exchange rate of YEL.Finance is decreasing.YEL to MKD
MKD to YEL
YEL to MKD Today vs. 24 hours ago
Amount | 10:44 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 YEL | ден0.04362 | ден0.08324 | -47.60% |
1 YEL | ден0.08724 | ден0.1665 | -47.60% |
5 YEL | ден0.4362 | ден0.8324 | -47.60% |
10 YEL | ден0.8724 | ден1.66 | -47.60% |
50 YEL | ден4.36 | ден8.32 | -47.60% |
100 YEL | ден8.72 | ден16.65 | -47.60% |
500 YEL | ден43.62 | ден83.24 | -47.60% |
1000 YEL | ден87.24 | ден166.48 | -47.60% |
YEL to MKD Today vs. 1 month ago
Amount | 10:44 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 YEL | ден0.04362 | ден0.3296 | -86.77% |
1 YEL | ден0.08724 | ден0.6593 | -86.77% |
5 YEL | ден0.4362 | ден3.3 | -86.77% |
10 YEL | ден0.8724 | ден6.59 | -86.77% |
50 YEL | ден4.36 | ден32.96 | -86.77% |
100 YEL | ден8.72 | ден65.93 | -86.77% |
500 YEL | ден43.62 | ден329.65 | -86.77% |
1000 YEL | ден87.24 | ден659.3 | -86.77% |
YEL to MKD Today vs. 1 year ago
Amount | 10:44 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 YEL | ден0.04362 | ден0.09736 | -55.20% |
1 YEL | ден0.08724 | ден0.1947 | -55.20% |
5 YEL | ден0.4362 | ден0.9736 | -55.20% |
10 YEL | ден0.8724 | ден1.95 | -55.20% |
50 YEL | ден4.36 | ден9.74 | -55.20% |
100 YEL | ден8.72 | ден19.47 | -55.20% |
500 YEL | ден43.62 | ден97.36 | -55.20% |
1000 YEL | ден87.24 | ден194.72 | -55.20% |
How to convert YEL to MKD



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