MYR to MKD Exchange Rate - Convert Malaysian Ringgit to Macedonian Denar

Converting from Malaysian Ringgit (MYR) to Macedonian Denar (MKD)

What is Malaysian Ringgit (MYR)

The Malaysian Ringgit (MYR) is the official currency of Malaysia. It is symbolized by "RM" and is subdivided into 100 sen. The name "ringgit" means "jagged" in Malay, referring to the serrated edges of Spanish silver dollars that were used in the region.

Introduced in 1975, the Ringgit replaced the Malayan dollar as part of the country's transition to a more stable economy. The Bank Negara Malaysia, the central bank of Malaysia, is responsible for issuing and regulating the currency. The MYR is widely used throughout the country, with denominations including coins (1, 5, 10, 20, 50 sen, and 1 ringgit) and banknotes (1, 5, 10, 20, 50, and 100 ringgit).

The value of the MYR can fluctuate based on various economic factors, including trade balances, inflation rates, and political stability. As a result, it is influenced by both domestic and global markets.

What is Macedonian Denar (MKD)

The Macedonian Denar (MKD) is the official currency of North Macedonia. It is represented by the symbol "ден" (denar) and is subdivided into 100 deni. The denar was introduced as the official currency in 1992, following the country's independence from Yugoslavia.

The name "denar" is derived from the Latin "denarius," a historical Roman currency that was widely used throughout the Roman Empire. The National Bank of the Republic of North Macedonia is responsible for issuing the currency. The MKD comes in various denominations, including coins (1, 2, 5, 10, 50, and 100 deni) and banknotes (10, 50, 100, 200, 500, and 1000 denari).

The exchange rate of the MKD is influenced by domestic economic conditions, international trade, and foreign investment. Like many currencies, the value of the MKD fluctuates against other currencies, impacting how it is converted into and from currencies like the Malaysian Ringgit (MYR).

Converting MYR to MKD

When converting Malaysian Ringgit (MYR) to Macedonian Denar (MKD), the exchange rate is essential. One can find the current rates through various financial institutions or currency conversion websites.

The conversion formula is simple: if the exchange rate is defined as X denars per ringgit, then to convert an amount Y MYR to MKD, you simply compute the following:

MKD = Y × X

This means that if you have 100 MYR and the exchange rate is 15 MKD per MYR, the amount in MKD would be:

MKD = 100 × 15 = 1500

Understanding these currencies can help travelers, businesses, and investors make informed financial decisions when engaging in transactions involving Malaysian Ringgit and Macedonian Denar.

Malaysian Ringgit to Macedonian Denar conversion table

MYR to MKD conversion table

Malaysian Ringgit (MYR)Macedonian Denar (MKD)
1 MYR12.782417242 MKD
2 MYR25.564834484 MKD
3 MYR38.347251726 MKD
4 MYR51.12966896799 MKD
5 MYR63.91208620999 MKD
6 MYR76.69450345199 MKD
7 MYR89.47692069399 MKD
8 MYR102.25933793599 MKD
9 MYR115.04175517799 MKD
10 MYR127.82417241999 MKD
100 MYR1 278.24172419987 MKD
200 MYR2 556.48344839973 MKD
300 MYR3 834.7251725996 MKD
400 MYR5 112.96689679947 MKD
500 MYR6 391.20862099934 MKD
600 MYR7 669.4503451992 MKD
700 MYR8 947.69206939907 MKD
800 MYR10 225.93379359894 MKD
900 MYR11 504.17551779881 MKD
1 000 MYR12 782.41724199867 MKD
2 000 MYR25 564.83448399735 MKD
5 000 MYR63 912.08620999337 MKD
10 000 MYR127 824.17241998674 MKD
20 000 MYR255 648.34483997349 MKD
50 000 MYR639 120.86209993371 MKD
100 000 MYR1 278 241.72419986743 MKD
Last updated April 2, 2025 at 06:55 AM