MKD · MKD
Macedonian Denar (MKD)
The Macedonian denar (MKD) is the official currency of North Macedonia. Learn about its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0189 USD
Exchange rate
1 MKD = 0.018879 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MKD · Macedonian Denar
Macedonian Denar (MKD): Overview and History
The Macedonian denar (MKD) is the official currency of the Republic of North Macedonia, a country located in the Balkan Peninsula of Southeast Europe. The denar was introduced in 1992, following the country's independence from Yugoslavia, replacing the Yugoslav dinar at par. The currency is issued and regulated by the National Bank of the Republic of North Macedonia.
The denar is subdivided into 100 deni, although coins in deni are no longer in circulation due to their low value. Banknotes are issued in denominations of 10, 50, 100, 500, 1,000, and 5,000 denars, while coins are available in 1, 2, 5, 10, 50, and 100 denars. The currency symbol is "ден" in Cyrillic and "MKD" in Latin script.
The exchange rate of the denar is managed by the central bank, which has historically maintained a stable rate against the euro, reflecting the country's economic policies and its aspirations for European Union integration. As of recent years, the denar has been pegged to the euro, which helps provide stability for trade and investment. However, the denar is not widely traded internationally, and its value can be subject to fluctuations based on regional economic conditions.
- Code
- MKD
- Symbol
- MKD
- Current rate
- USD / MKD
Currency information
Last updated · 8/7/2026
Introduced on 26 April 1992, replacing the Yugoslav dinar at par.
- Official name
- Denar
- Legal tender status
- Legal tender in North Macedonia
- Decimal places
- 2
- Minor unit
- deni · 1 MKD = 100 deni
- Countries
- North Macedonia
- Issuing authority
- National Bank of the Republic of North Macedonia
- Central bank
- National Bank of the Republic of North Macedonia · Official website
- Exchange-rate regime
- Managed float (de facto)
Common banknotes
10 ден · 50 ден · 100 ден · 200 ден · 500 ден · 1000 ден · 2000 ден · 5000 ден
Common coins
1 ден · 2 дена · 5 денари · 10 денари · 50 дени
Also known as
MKD · Denar · Macedonian Denar · ден
Practical notes
- The currency is issued by the National Bank of the Republic of North Macedonia.
- The symbol 'ден' is used locally.
Priority currency pairs
The most useful conversions for this currency.
Macedonian Denar questions
What is the MKD exchange rate?
The displayed rate is the latest available reference rate for USD/MKD. It can change throughout the day.
How can I convert MKD online?
Use the converter above to calculate indicative amounts between MKD and the other supported currencies.