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Arbitrum to Macedonian Denar Converter and calculator

Convert 1Arbitrum (ARB) to Macedonian Denar (MKD) equals ден 69.46 | Bitget

MKD information

About Macedonian Denar (MKD)

The Macedonian Denar (MKD), introduced in 1992, is more than just the official currency of North Macedonia; it represents the country's transition from a Yugoslav republic to an independent nation with aspirations for economic growth and stability. It is commonly abbreviated as MKD and represented by the symbol ден.

Historical Background

The introduction of the Denar was a crucial part of North Macedonia’s journey to sovereignty following the breakup of Yugoslavia. Replacing the Yugoslav Dinar, the Macedonian Denar symbolized a new era of self-determination and was instrumental in establishing a separate and independent monetary policy.

Design and Symbolism

The design of the Macedonian Denar is a rich tapestry of the country's history, culture, and natural beauty. Banknotes and coins feature images of historical figures, ancient artifacts, and architectural landmarks, reflecting Macedonia's cultural heritage and identity. These designs not only facilitate economic transactions but also serve as a source of national pride and identity.

Economic Role

The Denar plays a vital role in North Macedonia’s economy, characterized by its diverse sectors including agriculture, textiles, and a growing tourism industry. As the primary medium of exchange, it supports these economic activities, facilitating trade, investment, and everyday financial transactions of individuals and businesses.

Monetary Policy and Inflation

Managed by the National Bank of the Republic of North Macedonia, the Denar has maintained relative stability, benefiting from prudent fiscal and monetary policies. The central bank’s strategies aim to maintain currency stability, control inflation, and foster a healthy economic environment conducive to growth and investment.

International Trade and the Macedonian Denar

The Denar’s exchange rate plays a significant role in international trade, particularly for North Macedonia's exports such as iron, steel, and agricultural products. A stable Denar is crucial for maintaining competitive export prices and attracting foreign direct investment.

Remittances and Economic Impact

Remittances from the Macedonian diaspora, particularly from Europe and North America, are an important source of foreign income. These inflows, converted into Denars, significantly contribute to the national economy and support the currency's stability.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to MKD, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MKD.

ARB to MKD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed +5.80% to MKD. Based on the trend and price charts, Arbitrum(ARB) has changed +5.80% to MKD while Macedonian Denar(MKD) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ден69.72
0.0001% / 0.0004%vip-iconVIP
Binance
ден69.52
0.1000% / 0.1000%
Yes
OKX
ден69.52
0.080% / 0.100%
Yes
Huobi
ден69.56
0.1000% / 0.1000%
Yes
Gate.io
ден69.52
0.1000% / 0.1000%
Yes
Bybit
ден69.75
0.1000% / 0.1000%
Yes
KuCoin
ден69.57
0.1000% / 0.1000%
Yes
Bitfinex
ден69.63
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 16:00:32(UTC+0)

What factors influence the conversion rate of Arbitrum to Macedonian Denar?

Arbitrum to Macedonian Denar is falling this week.
Arbitrum's current market price is ден 69.46 per ARB, with a total market cap of ден 184,341,132,372.76 MKD based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -43.59% (ден -30,912,181,904.77 MKD) in the last 24 hours. Last trading day, ARB's trading volume was ден 70,921,947,553.97.
Market cap
$3.19B
24h volume
$692.89M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ден 69.46 MKD , which means buying 5 ARB will cost ден 347.3 MKD . Similarly, ден1 MKD can be traded for 0.01440 ARB, and ден50 MKD can be converted to 0.7198 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Macedonian Denar has changed by -22.48% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.80%, reaching a high of 73.09 MKD and a low of 64.05 MKD . One month ago, the value of 1 ARB was ден 106.09 MKD , which represents a -34.53% change from its current value. Over the last year, Arbitrum has changed by
-ден
24.55MKD
, resulting in a change of -26.11% in its value.

ARB to MKD

Amount
16:17 today
0.5 ARB
ден34.73
1 ARB
ден69.46
5 ARB
ден347.3
10 ARB
ден694.59
50 ARB
ден3,472.97
100 ARB
ден6,945.94
500 ARB
ден34,729.72
1000 ARB
ден69,459.44

MKD to ARB

Amount16:17 today
0.5MKD0.007198  ARB
1MKD0.01440  ARB
5MKD0.07198  ARB
10MKD0.1440  ARB
50MKD0.7198  ARB
100MKD1.44  ARB
500MKD7.2  ARB
1000MKD14.4  ARB
share

Today vs. 24 hours ago

Amount16:17 today24 hours ago24h change
0.5 ARB$0.6014$0.5685
+5.80%
1 ARB$1.2$1.14
+5.80%
5 ARB$6.01$5.68
+5.80%
10 ARB$12.03$11.37
+5.80%
50 ARB$60.14$56.85
+5.80%
100 ARB$120.29$113.69
+5.80%
500 ARB$601.45$568.47
+5.80%
1000 ARB$1,202.9$1,136.94
+5.80%

Today vs. 1 month ago

Amount16:17 today1 month ago1M change
0.5 ARB$0.6014$0.9187
-34.53%
1 ARB$1.2$1.84
-34.53%
5 ARB$6.01$9.19
-34.53%
10 ARB$12.03$18.37
-34.53%
50 ARB$60.14$91.87
-34.53%
100 ARB$120.29$183.73
-34.53%
500 ARB$601.45$918.65
-34.53%
1000 ARB$1,202.9$1,837.31
-34.53%

Today vs. 1 year ago

Amount16:17 today1 year ago1Y change
0.5 ARB$0.6014$0.8140
-26.11%
1 ARB$1.2$1.63
-26.11%
5 ARB$6.01$8.14
-26.11%
10 ARB$12.03$16.28
-26.11%
50 ARB$60.14$81.4
-26.11%
100 ARB$120.29$162.8
-26.11%
500 ARB$601.45$813.99
-26.11%
1000 ARB$1,202.9$1,627.99
-26.11%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.