MKD to PHP Exchange Rate - Convert Macedonian Denar to Philippine Peso

Converting from Macedonian Denar (MKD) to Philippine Peso (PHP)

What is Macedonian Denar (MKD)

The Macedonian Denar (MKD) is the official currency of North Macedonia. It was introduced in 1992 following the country’s independence from Yugoslavia. The currency code for the denar is MKD, and it is subdivided into 100 deni. The denar’s symbol is ден, which is often represented as "MKD" or "den" in written form.

The denar has undergone several changes since its introduction, including adjustments in value due to inflation and economic shifts. The Central Bank of North Macedonia is responsible for issuing and managing the currency. The denar is frequently noted for its stability compared to other currencies in the region, owing to the country's economic policies and efforts to maintain a controlled inflation rate.

In everyday transactions, the currency is available in various denominations. Banknotes come in 10, 50, 100, 200, 500, and 1,000 denars, while coins come in lower denominations of 1, 2, 5, 10, 20, and 50 deni. When converting from MKD to PHP, it is essential to check the current exchange rate, as it fluctuates based on market conditions.

What is Philippine Peso (PHP)

The Philippine Peso (PHP) is the official currency of the Philippines, symbolized as ₱. The currency code for the peso is PHP. The peso was established in 1852 and has evolved through various forms over the decades, including the transition from silver to paper notes. Currently, the peso is divided into 100 centavos, with coins available in denominations of 1, 5, 10, and 25 centavos, as well as 1, 5, 10, and 20 pesos.

The Central Bank of the Philippines issues the peso and manages the country’s monetary policy. The exchange rate of the peso can be impacted by various factors, including economic developments, political stability, and global market trends. As of October 2023, the Philippine economy is characterized by a growing service sector, remittances from overseas workers, and significant foreign investments, all of which play a crucial role in the strength of the peso.

When looking to convert MKD to PHP, it's important to remember that exchange rates can vary. To perform the conversion, you can use the formula:

(Amount in MKD/Exchange rate) = Amount in PHP

For example, if you have 1,000 MKD and the exchange rate is 1 MKD = 0.58 PHP, the conversion would be:

(1000/1) × 0.58 = 580 PHP

In conclusion, understanding the Macedonian Denar and Philippine Peso is essential for anyone interested in managing or converting these currencies. Always check the latest exchange rates to ensure accurate conversions and informed financial decisions.

Macedonian Denar to Philippine Peso conversion table

MKD to PHP conversion table

Macedonian Denar (MKD)Philippine Peso (PHP)
1 MKD1.03931067796 PHP
2 MKD2.07862135591 PHP
3 MKD3.11793203387 PHP
4 MKD4.15724271182 PHP
5 MKD5.19655338978 PHP
6 MKD6.23586406773 PHP
7 MKD7.27517474569 PHP
8 MKD8.31448542364 PHP
9 MKD9.3537961016 PHP
10 MKD10.39310677956 PHP
100 MKD103.93106779556 PHP
200 MKD207.86213559112 PHP
300 MKD311.79320338667 PHP
400 MKD415.72427118223 PHP
500 MKD519.65533897779 PHP
600 MKD623.58640677335 PHP
700 MKD727.5174745689 PHP
800 MKD831.44854236446 PHP
900 MKD935.37961016002 PHP
1 000 MKD1 039.31067795558 PHP
2 000 MKD2 078.62135591116 PHP
5 000 MKD5 196.55338977789 PHP
10 000 MKD10 393.10677955578 PHP
20 000 MKD20 786.21355911156 PHP
50 000 MKD51 965.53389777891 PHP
100 000 MKD103 931.06779555782 PHP
Last updated April 25, 2025 at 02:55 PM