Euro to Macedonian Denar exchange rate

Summary EUR/MKD today

1 € = ден 61.632
1 ден = € 0.0162 -0,02%
Last updated: 2026/04/20 17:45

Convert between Euros and Macedonian Denars

 €
=
ден
1.2000
Flip currencies

Euro to Macedonian Denar historical chart

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Time period:

1 year or Since 2019

Top 5 biggest currency moves against the Euro over the last 7 days

Currency
Silver (oz)
2.0318 €2.193 €+7.92%
Bitcoin (BTC)
61,576 €63,991 €+4.43%
Gold Sovereign
948.02 €966.02 €+1.89%
Gold (oz)
129.47 €131.93 €+1.89%
Egyptian Pound (EGP)
0.0161 €0.0163 €+1.87%
Iraqi Dinar (IQD)
0.0007 €0.0006 €-0.55%
Algerian Dinar (DZD)
0.0065 €0.0064 €-0.55%
Turkish Lira (TRY)
0.0191 €0.0189 €-0.85%
Yemeni Rial (YER)
0.0036 €0.0036 €-1.12%
Ukrainian Hryvnia (UAH)
0.0197 €0.0192 €-2.17%
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About Macedonian Denar

Currency nameMacedonian Denar
Symbolден
Also known asMKD, North Macedonian Denar, 1 MKD = 100 deni
ISO codeMKD
Banknotes10, 50, 100, 200, 500, 1000, 2000 MKD
Coins1, 2, 5, 10, 50 MKD
Central bankNational Bank of North Macedonia (NBRM) - Website: www.nbrm.mk
Countries1 country: North Macedonia (capital: Skopje, major cities: Skopje, Bitola, Kumanovo)
Population2 mil.

History

The history of the Macedonian denar is one of national identity forged amid the dissolution of Yugoslavia and the difficult journey toward stability. North Macedonia declared independence in September 1991 and introduced the denar in 1992, replacing the Yugoslav dinar. The name revives the ancient denomination: the word "denar" is the Macedonian form of denarius, the Roman silver coin, which also gives its name to Serbia's dinar and many other regional currencies.

The early 1990s were turbulent for the new state. Greece imposed an economic blockade from 1994 to 1995 over the country's name and flag, severely straining the economy. Despite these pressures, North Macedonia maintained its exchange rate peg, fixing the denar first to the German mark and then to the euro.

The denar has been pegged to the euro (previously the Deutsche mark) since 1997, a policy maintained continuously by the National Bank of the Republic of North Macedonia. This fixed exchange rate of approximately 61.5 MKD per EUR has provided monetary stability and low inflation, mirroring aspects of a currency board arrangement. North Macedonia is an EU candidate country; euro adoption remains a long-term objective.

Sources:

"Macedonian denar", Wikipedia, https://en.wikipedia.org/wiki/Macedonian_denar