Currency.Wiki
Updated 2 minutes ago
 MKD =
    CAD
 Macedonian Denar =  Canadian Dollars
Trending: MKD exchange rates for the last 24 hours
  • MKD/USD 0.016886 -0.00127687
  • MKD/EUR 0.016256 -0.00006331
  • MKD/JPY 2.655197 0.02673171
  • MKD/GBP 0.013483 -0.00015831
  • MKD/CHF 0.015216 -0.00023733
  • MKD/MXN 0.340296 -0.01663098
  • MKD/INR 1.438203 -0.08182623
  • MKD/BRL 0.104541 0.00509916
  • MKD/CNY 0.123189 -0.00455315

MKD/CAD exchange rate analysis over the past 90 days

Macedonian Denar to Canadian Dollar exchange rate: Over the last 90 days, the Macedonian Denar weakened by -0.95% against the Canadian Dollar, declining from CA$0.0245 to CA$0.0243 per Macedonian Denar. This trend reflects the evolving economic dynamics between the Macedonia and the Canada. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Macedonia and Canada.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Macedonia and Canada.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Macedonia or Canada.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Macedonia relative to the Canada.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

MKD

Macedonian Denar Currency

Country: Macedonia

Symbol: MKD

ISO Code: MKD

Bank: National Bank of the Republic of Macedonia

Interesting fact about Macedonian Denar

The Macedonian Denar (MKD) is the official currency of North Macedonia. Introduced in 1992 after the country gained independence from Yugoslavia, it replaced the Yugoslav Dinar. The Denar plays a vital role in the Macedonian economy, facilitating domestic and international trade. It is issued and regulated by the National Bank of the Republic of North Macedonia.

CA$

Canadian Dollar Currency

Country: Canada

Symbol: CA$

ISO Code: CAD

Bank: Bank of Canada

Interesting fact about Canadian Dollar

The Canadian Dollar (CAD), Canada's official currency, is administered by the Bank of Canada. Established in 1858, the CAD supplanted numerous colonial currencies. Renowned for its stability and reliability, it is a cornerstone of Canada's economic framework, facilitating international trade and investments.

Quick Conversion Guide

Frequently Asked Questions

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The Macedonian Denar to Canadian Dollar exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 MKD to CAD is CA$0.02.
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Yes, our site provides historical charts that show the trends and fluctuations in the Macedonian Denar to Canadian Dollar exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.