RED to MKD Converter and calculator


Conversion rates
Convert RED to MKD
Convert MKD to RED
RED to MKD chart
RED to MKD conversion data: Volatility and price changes of Red The Mal in MKD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.04662 MKD | 0.04860 MKD | 0.04860 MKD | 0.08596 MKD |
Low | 0.04495 MKD | 0.04346 MKD | 0.04070 MKD | 0.02906 MKD |
Average | 0 MKD | 0 MKD | 0 MKD | 0 MKD |
Volatility | % | % | % | % |
Change | +1.95% | +5.44% | +6.18% | +14.28% |
Red The Mal information
RED to MKD market statistics
Current RED to MKD exchange rate
Red The Mal to Macedonian Denar is rising this week.More info about Red The Mal 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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RED to MKD Conversion tables
Amount | 08:36 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 RED | ден0.01764 | ден0.01720 | +1.95% |
1 RED | ден0.03528 | ден0.03440 | +1.95% |
5 RED | ден0.1764 | ден0.1720 | +1.95% |
10 RED | ден0.3528 | ден0.3440 | +1.95% |
50 RED | ден1.76 | ден1.72 | +1.95% |
100 RED | ден3.53 | ден3.44 | +1.95% |
500 RED | ден17.64 | ден17.2 | +1.95% |
1000 RED | ден35.28 | ден34.4 | +1.95% |
RED to MKD FAQ
What factors influence the conversion rate of RED to MKD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Red The Mal in the US is $0.0006718 USD. Additionally, Red The Mal’s price is €0.0005731 EUR in the eurozone, £0.0004896 GBP in the UK, C$0.0009210 CAD in Canada, ₹0.05744 INR in India, ₨0.1906 PKR in Pakistan, R$0.003685 BRL in Brazil, and more.
The most popular Red The Mal currency pair is the RED to Macedonian Denar(MKD). The price of 1 Red The Mal (RED) in Macedonian Denar (MKD) is ден0.03528.
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