


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.
GMX to MKD conversion rate trend
GMX to MKD market statistics
More info about GMX on Bitget
Current GMX to MKD exchange rate
GMX to Macedonian Denar is rising this week.GMX to MKD Conversion tables
The exchange rate of GMX is increasing.GMX to MKD
MKD to GMX
GMX to MKD Today vs. 24 hours ago
Amount | 16:48 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GMX | ден422.87 | ден424.95 | -0.49% |
1 GMX | ден845.74 | ден849.9 | -0.49% |
5 GMX | ден4,228.71 | ден4,249.52 | -0.49% |
10 GMX | ден8,457.42 | ден8,499.04 | -0.49% |
50 GMX | ден42,287.11 | ден42,495.21 | -0.49% |
100 GMX | ден84,574.22 | ден84,990.42 | -0.49% |
500 GMX | ден422,871.1 | ден424,952.12 | -0.49% |
1000 GMX | ден845,742.19 | ден849,904.24 | -0.49% |
GMX to MKD Today vs. 1 month ago
Amount | 16:48 today | 1 month ago | 1M change |
---|---|---|---|
0.5 GMX | ден422.87 | ден395.75 | +6.85% |
1 GMX | ден845.74 | ден791.49 | +6.85% |
5 GMX | ден4,228.71 | ден3,957.47 | +6.85% |
10 GMX | ден8,457.42 | ден7,914.94 | +6.85% |
50 GMX | ден42,287.11 | ден39,574.7 | +6.85% |
100 GMX | ден84,574.22 | ден79,149.39 | +6.85% |
500 GMX | ден422,871.1 | ден395,746.96 | +6.85% |
1000 GMX | ден845,742.19 | ден791,493.91 | +6.85% |
GMX to MKD Today vs. 1 year ago
Amount | 16:48 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GMX | ден422.87 | ден742.62 | -43.06% |
1 GMX | ден845.74 | ден1,485.24 | -43.06% |
5 GMX | ден4,228.71 | ден7,426.22 | -43.06% |
10 GMX | ден8,457.42 | ден14,852.45 | -43.06% |
50 GMX | ден42,287.11 | ден74,262.23 | -43.06% |
100 GMX | ден84,574.22 | ден148,524.45 | -43.06% |
500 GMX | ден422,871.1 | ден742,622.26 | -43.06% |
1000 GMX | ден845,742.19 | ден1,485,244.53 | -43.06% |
How to convert GMX to MKD



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