MKD to EUR - Macedonian Denar to Euro Converter

Convert Macedonian Denar to Euro with real-time exchange rates

1 MKD = ~0.0163 EUR (rates vary)

Quick Insight

MKD to EUR moves slowly, driven by inflation and trade. Use rate alerts and compare providers for better planning.

Track both MKD and EUR policy signals; plan ahead.

✈️ Travel budgeting💼 Cross-border payments💸 Remittance planning

Common MKD - EUR Conversions

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

Monetary policy by the NBRNM, European Central Bank decisions, inflation gaps, trade balance with the Eurozone, and regional risk appetite all shape the rate.

Economic Context

Trading Relationship

The two economies engage in cross-border trade where the euro serves as a common settlement currency. MKD payments flow with EU imports and EU businesses receive Macedonian payments in MKD or EUR depending on contracts.

Key Rate Factors

•National Bank of the Republic of North Macedonia monetary policy
•Inflation differentials between MKD and EUR
•Trade balance with Eurozone partners
•Political stability and regional developments
•Market risk sentiment in Europe and the region

Central Banks

National Bank of the Republic of North Macedonia

Skopje, North Macedonia

Sets monetary policy for the economy, maintains price stability, and issues the domestic MKD currency.

European Central Bank

Frankfurt, Germany

Guides monetary policy for the euro area, aiming for price stability and euro liquidity management.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates