REN to MKD Converter and calculator


Conversion rates
Convert REN to MKD
Convert MKD to REN
REN to MKD chart
REN to MKD conversion data: Volatility and price changes of Ren in MKD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.4259 MKD | 0.4392 MKD | 0.5141 MKD | 0.6544 MKD |
Low | 0.4134 MKD | 0.4130 MKD | 0.3926 MKD | 0.3614 MKD |
Average | 0 MKD | 0 MKD | 0 MKD | 0 MKD |
Volatility | % | % | % | % |
Change | -2.25% | -8.32% | -12.01% | +10.72% |
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Ren information
REN to MKD market statistics
Current REN to MKD exchange rate
Ren to Macedonian Denar is falling this week.More info about Ren 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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REN to MKD Conversion tables
Amount | 12:01 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 REN | ден0.2074 | ден0.2122 | -2.25% |
1 REN | ден0.4149 | ден0.4244 | -2.25% |
5 REN | ден2.07 | ден2.12 | -2.25% |
10 REN | ден4.15 | ден4.24 | -2.25% |
50 REN | ден20.74 | ден21.22 | -2.25% |
100 REN | ден41.49 | ден42.44 | -2.25% |
500 REN | ден207.43 | ден212.2 | -2.25% |
1000 REN | ден414.86 | ден424.4 | -2.25% |
REN to MKD FAQ
What factors influence the conversion rate of REN to MKD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Ren in the US is $0.007927 USD. Additionally, Ren’s price is €0.006748 EUR in the eurozone, £0.005883 GBP in the UK, C$0.01092 CAD in Canada, ₹0.6984 INR in India, ₨2.25 PKR in Pakistan, R$0.04220 BRL in Brazil, and more.
The most popular Ren currency pair is the REN to Macedonian Denar(MKD). The price of 1 Ren (REN) in Macedonian Denar (MKD) is ден0.4149.
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