OT to MKD Converter and calculator


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Convert OT to MKD
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OT to MKD chart
OT to MKD conversion data: Volatility and price changes of Onchain Trade in MKD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.07676 MKD | 0.07862 MKD | 0.08464 MKD | 0.08464 MKD |
Low | 0.07576 MKD | 0.07024 MKD | 0.07024 MKD | 0.05369 MKD |
Average | 0 MKD | 0 MKD | 0 MKD | 0 MKD |
Volatility | % | % | % | % |
Change | +1.18% | -1.49% | -3.26% | +13.40% |
Onchain Trade information
OT to MKD market statistics
Current OT to MKD exchange rate
Onchain Trade to Macedonian Denar is falling this week.More info about Onchain Trade 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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OT to MKD Conversion tables
Amount | 16:32 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OT | ден0.03833 | ден0.03788 | +1.18% |
1 OT | ден0.07666 | ден0.07576 | +1.18% |
5 OT | ден0.3833 | ден0.3788 | +1.18% |
10 OT | ден0.7666 | ден0.7576 | +1.18% |
50 OT | ден3.83 | ден3.79 | +1.18% |
100 OT | ден7.67 | ден7.58 | +1.18% |
500 OT | ден38.33 | ден37.88 | +1.18% |
1000 OT | ден76.66 | ден75.76 | +1.18% |
OT to MKD FAQ
What factors influence the conversion rate of OT to MKD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Onchain Trade in the US is $0.001448 USD. Additionally, Onchain Trade’s price is €0.001246 EUR in the eurozone, £0.001063 GBP in the UK, C$0.001989 CAD in Canada, ₹0.1246 INR in India, ₨0.4122 PKR in Pakistan, R$0.008041 BRL in Brazil, and more.
The most popular Onchain Trade currency pair is the OT to Macedonian Denar(MKD). The price of 1 Onchain Trade (OT) in Macedonian Denar (MKD) is ден0.07666.
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