


BGN 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.
XCP to BGN conversion rate trend
XCP to BGN market statistics
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Current XCP to BGN exchange rate
Counterparty to Macedonian Denar is falling this week.XCP to BGN Conversion tables
The exchange rate of Counterparty is decreasing.XCP to BGN
BGN to XCP
XCP to BGN Today vs. 24 hours ago
Amount | 18:56 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 XCP | лв3.62 | лв3.62 | +0.13% |
1 XCP | лв7.24 | лв7.23 | +0.13% |
5 XCP | лв36.2 | лв36.15 | +0.13% |
10 XCP | лв72.4 | лв72.31 | +0.13% |
50 XCP | лв361.99 | лв361.53 | +0.13% |
100 XCP | лв723.97 | лв723.06 | +0.13% |
500 XCP | лв3,619.86 | лв3,615.28 | +0.13% |
1000 XCP | лв7,239.73 | лв7,230.57 | +0.13% |
XCP to BGN Today vs. 1 month ago
Amount | 18:56 today | 1 month ago | 1M change |
---|---|---|---|
0.5 XCP | лв3.62 | лв4.81 | -24.76% |
1 XCP | лв7.24 | лв9.62 | -24.76% |
5 XCP | лв36.2 | лв48.11 | -24.76% |
10 XCP | лв72.4 | лв96.22 | -24.76% |
50 XCP | лв361.99 | лв481.11 | -24.76% |
100 XCP | лв723.97 | лв962.22 | -24.76% |
500 XCP | лв3,619.86 | лв4,811.11 | -24.76% |
1000 XCP | лв7,239.73 | лв9,622.22 | -24.76% |
XCP to BGN Today vs. 1 year ago
Amount | 18:56 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 XCP | лв3.62 | лв7.59 | -52.30% |
1 XCP | лв7.24 | лв15.18 | -52.30% |
5 XCP | лв36.2 | лв75.89 | -52.30% |
10 XCP | лв72.4 | лв151.79 | -52.30% |
50 XCP | лв361.99 | лв758.93 | -52.30% |
100 XCP | лв723.97 | лв1,517.85 | -52.30% |
500 XCP | лв3,619.86 | лв7,589.25 | -52.30% |
1000 XCP | лв7,239.73 | лв15,178.51 | -52.30% |
How to convert XCP to BGN



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