Convert Macedonian Denar to Turkish Lira
Please provide values below to convert Macedonian Denar [MKD] to Turkish Lira [TRY], or Convert Turkish Lira to Macedonian Denar.
How to Convert Macedonian Denar to Turkish Lira
1 MKD = 1.30674790495713 TRY
Example: convert 15 MKD to TRY:
15 MKD = 15 × 1.30674790495713 TRY = 19.601218574357 TRY
Macedonian Denar to Turkish Lira Conversion Table
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.