Converting from Romanian New Leu (RON) to Macedonian Denar (MKD)

What is Romanian New Leu (RON)

The Romanian New Leu (RON) is the official currency of Romania, a country located in Southeast Europe. The term "Leu" translates to "lion" in Romanian, symbolizing strength and valor. The currency was introduced in 2005 as a replacement for the old leu (ROL), where one new leu was equal to 10,000 old lei. It is subdivided into 100 bani, which means "money" in Romanian.

The RON is regulated by the National Bank of Romania, which manages its monetary policy and strives to maintain price stability in the country. The symbol for the Romanian New Leu is "lei". Being a member of the European Union (EU), Romania is a candidate for joining the Eurozone, although the timeline for adopting the Euro is still uncertain.

Due to its modern economy, Romania sees a high level of trade and tourism, making RON an important currency in the region. Its value can fluctuate based on various factors, including economic performance, political stability, and overall confidence in the Romanian economy.

What is Macedonian Denar (MKD)

The Macedonian Denar (MKD) is the official currency of North Macedonia, a small country located in the Balkan Peninsula in Southeast Europe. The word "Denar" is derived from the Latin word "denarius," which was a coin used in ancient Rome. The currency was established in 1992 to replace the Yugoslav dinar during the breakup of Yugoslavia.

The denar is further divided into 100 deni and is represented by the symbol "ден". It is regulated by the National Bank of the Republic of North Macedonia, which aims to ensure monetary stability and a controlled inflation rate. The country has a pegged exchange rate system, where the denar is pegged to the Euro, which helps stabilize its value.

North Macedonia's economy relies heavily on services, industry, and agriculture. Although a candidate for EU membership, the adoption of the Euro as its currency has not yet been finalized. The MKD is widely accepted in local transactions, and its exchangeability with other currencies is vital for international trade and tourism.

Converting RON to MKD

If you are looking to convert Romanian New Leu (RON) into Macedonian Denar (MKD), it is essential to keep track of the current exchange rate. Exchange rates are dynamic and can change frequently based on market conditions. You can check the latest rates from banks and currency exchange platforms.

For example, if the exchange rate is

1 RON = 13 MKD

, and you want to convert 100 RON, the calculation would be:

100 RON × 13 MKD/RON = 1300 MKD

Ensure you compare rates offered by different providers to find the best deal for your currency exchange needs.