The MKD/EUR pair shows how many Macedonian Denars are needed to buy one Euro, reflecting North Macedonia's trade and financial ties with the Eurozone.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
Couverture du au , en UTC.
| Date UTC | Rate | Change | Nature |
|---|---|---|---|
| 0,01628421 | -0.01% | Market | |
| 0,01628609 | -0.47% | Market | |
| 0,01636266 | +0.80% | Market | |
| 0,01623316 | -0.87% | Market | |
| 0,01637626 | +0.08% | Market | |
| 0,01636298 | -0.10% | Market | |
| 0,01637872 | +0.01% | Market | |
| 0,01637634 | +0.24% | Market | |
| 0,0163377 | -0.22% | Market | |
| 0,01637363 | +0.06% | Market | |
| 0,01636348 | +0.05% | Market | |
| 0,01635562 | +0.00% | Market | |
| 0,01635567 | +0.03% | Market | |
| 0,01635099 | -0.07% | Market | |
| 0,01636224 | +0.45% | Market | |
| 0,01628822 | -0.33% | Market | |
| 0,01634133 | -0.01% | Market | |
| 0,01634258 | +0.00% | Market | |
| 0,01634241 | +0.00% | Market | |
| 0,01634232 | -0.14% | Market | |
| 0,01636562 | +0.16% | Market | |
| 0,01633912 | +0.01% | Market | |
| 0,01633756 | -0.05% | Market | |
| 0,01634506 | +0.03% | Market | |
| 0,01634095 | — | Market |
The MKD/EUR currency pair represents the exchange rate between the Macedonian Denar (MKD), the official currency of North Macedonia, and the Euro (EUR), the common currency of the Eurozone. This directed rate indicates how many Denars are required to purchase one Euro. The pair is primarily used by businesses, investors, and individuals engaged in cross-border trade, tourism, or remittances between North Macedonia and Eurozone countries. When the MKD/EUR rate rises, it means the Denar has depreciated relative to the Euro, making Euro-denominated goods more expensive for Macedonian buyers and boosting the competitiveness of Macedonian exports in the Eurozone.
The value of MKD/EUR is influenced by the monetary policies of the National Bank of the Republic of North Macedonia (NBRNM) and the European Central Bank (ECB). The NBRNM maintains a managed float regime with the Euro as an anchor, intervening to limit volatility. Key drivers include interest rate differentials, inflation differentials, economic growth rates, trade balances, and capital flows. North Macedonia's economy is small and open, with strong ties to the Eurozone through trade, foreign direct investment, and remittances. Tourism and commodity prices also play a role, as do global risk sentiment and the perceived stability of the Eurozone.
Over the past several years, the MKD/EUR rate has exhibited relative stability due to the NBRNM's policy of pegging the Denar within a narrow band against the Euro. The rate has fluctuated within a tight range, reflecting the central bank's commitment to maintaining price stability and anchoring inflation expectations. While the Euro has generally been stronger due to the ECB's monetary policy stance and the Eurozone's larger economy, the Denar has remained resilient. Looking ahead, the pair is expected to continue its stable trajectory, barring major economic shocks or policy shifts in either region. The ongoing EU accession process for North Macedonia may also influence long-term exchange rate dynamics.
This analysis is provided for information only and is neither a forecast nor financial advice.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: api.forex. Indicative values are used only as a visual fallback.