Converting from Macedonian Denar (MKD) to Israeli Shekel (ILS)

What is Macedonian Denar (MKD)

The Macedonian Denar (MKD) is the official currency of North Macedonia, a country located in Southeast Europe on the Balkan Peninsula. Introduced in 1992, the denar replaced the Yugoslav dinar at a rate of 1 denar for every 100 dinars. The currency's symbol is ден, and it is subdivided into 100 deni.

The National Bank of the Republic of North Macedonia is responsible for issuing and regulating the denar. One characteristic of the MKD is its relatively stable exchange rate compared to major currencies, thanks in part to a fixed exchange rate policy that has been in place for many years.

When it comes to everyday transactions, the denar is widely accepted throughout the country, and you'll encounter it in various denominations, including coins and banknotes. The coins come in denominations of 1, 2, 5, 10, 50 deni, and 1 denar, while banknotes are available in 10, 50, 100, 500, and 1,000 denars.

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS), represented by the symbol ₪, is the official currency of Israel, and it has been in use since 1985. The Shekel is subdivided into 100 agorot. The name "shekel" is derived from an ancient unit of weight and currency used in the region for centuries.

The Bank of Israel manages the issuance and regulation of the shekel. The ILS has seen fluctuations in its value, influenced by factors such as economic conditions, political stability, and international relations. The Israeli economy is diverse, with key sectors including technology, agriculture, and tourism, all of which play a significant role in shaping the currency's value.

The Israeli shekel is widely accepted for everyday transactions in Israel, and you can find it in various denominations of coins and banknotes. Coins come in denominations of 10 agorot, 0.5 shekels, 1 shekel, 2 shekels, 5 shekels, and 10 shekels. The banknotes are issued in denominations of 20, 50, 100, and 200 shekels.

Converting MKD to ILS

When converting Macedonian Denars (MKD) to Israeli Shekels (ILS), it is essential to check the current exchange rate, as it fluctuates daily based on market conditions. You can use online currency converters or check with banks and financial institutions to get the most accurate rates.

To perform the conversion, you can use the formula:

Amount in ILS = Amount in MKD × Exchange Rate (MKD to ILS)

This simple equation will help you determine how much you will receive in Israeli Shekels for your Macedonian Denars.