


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.
YF-DAI to MKD conversion rate trend
YF-DAI to MKD market statistics
More info about YFDAI.FINANCE on Bitget
Current YF-DAI to MKD exchange rate
YFDAI.FINANCE to Macedonian Denar is rising this week.YF-DAI to MKD Conversion tables
The exchange rate of YFDAI.FINANCE is decreasing.YF-DAI to MKD
MKD to YF-DAI
YF-DAI to MKD Today vs. 24 hours ago
Amount | 14:30 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 YF-DAI | ден470.46 | ден424.47 | +11.00% |
1 YF-DAI | ден940.91 | ден848.94 | +11.00% |
5 YF-DAI | ден4,704.55 | ден4,244.69 | +11.00% |
10 YF-DAI | ден9,409.1 | ден8,489.38 | +11.00% |
50 YF-DAI | ден47,045.52 | ден42,446.92 | +11.00% |
100 YF-DAI | ден94,091.05 | ден84,893.84 | +11.00% |
500 YF-DAI | ден470,455.25 | ден424,469.19 | +11.00% |
1000 YF-DAI | ден940,910.49 | ден848,938.38 | +11.00% |
YF-DAI to MKD Today vs. 1 month ago
Amount | 14:30 today | 1 month ago | 1M change |
---|---|---|---|
0.5 YF-DAI | ден470.46 | ден503.07 | -6.56% |
1 YF-DAI | ден940.91 | ден1,006.13 | -6.56% |
5 YF-DAI | ден4,704.55 | ден5,030.66 | -6.56% |
10 YF-DAI | ден9,409.1 | ден10,061.32 | -6.56% |
50 YF-DAI | ден47,045.52 | ден50,306.62 | -6.56% |
100 YF-DAI | ден94,091.05 | ден100,613.23 | -6.56% |
500 YF-DAI | ден470,455.25 | ден503,066.17 | -6.56% |
1000 YF-DAI | ден940,910.49 | ден1,006,132.34 | -6.56% |
YF-DAI to MKD Today vs. 1 year ago
Amount | 14:30 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 YF-DAI | ден470.46 | ден1,576.83 | -70.45% |
1 YF-DAI | ден940.91 | ден3,153.66 | -70.45% |
5 YF-DAI | ден4,704.55 | ден15,768.3 | -70.45% |
10 YF-DAI | ден9,409.1 | ден31,536.61 | -70.45% |
50 YF-DAI | ден47,045.52 | ден157,683.03 | -70.45% |
100 YF-DAI | ден94,091.05 | ден315,366.07 | -70.45% |
500 YF-DAI | ден470,455.25 | ден1,576,830.35 | -70.45% |
1000 YF-DAI | ден940,910.49 | ден3,153,660.7 | -70.45% |
How to convert YF-DAI to MKD



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