Convert Macedonian Denar to Philippine Peso
Please provide values below to convert Macedonian Denar [MKD] to Philippine Peso [PHP], or Convert Philippine Peso to Macedonian Denar.
How to Convert Macedonian Denar to Philippine Peso
1 MKD = 0.928058754212598 PHP
Example: convert 15 MKD to PHP:
15 MKD = 15 × 0.928058754212598 PHP = 13.920881313189 PHP
Macedonian Denar to Philippine Peso Conversion Table
| Macedonian Denar | Philippine Peso |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.