Convert United States Dollar to Macedonian Denar
Please provide values below to convert United States Dollar [USD] to Macedonian Denar [MKD], or Convert Macedonian Denar to United States Dollar.
How to Convert United States Dollar to Macedonian Denar
1 USD = 0.0189229796880736 MKD
Example: convert 15 USD to MKD:
15 USD = 15 × 0.0189229796880736 MKD = 0.283844695321104 MKD
United States Dollar to Macedonian Denar Conversion Table
| United States Dollar | Macedonian Denar |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.