Convert Macedonian Denar to Euro
Please provide values below to convert Macedonian Denar [MKD] to Euro [EUR], or Convert Euro to Macedonian Denar.
How to Convert Macedonian Denar to Euro
1 MKD = 61.9746686994254 EUR
Example: convert 15 MKD to EUR:
15 MKD = 15 × 61.9746686994254 EUR = 929.62003049138 EUR
Macedonian Denar to Euro Conversion Table
| Macedonian Denar | Euro |
|---|
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.