Convert 1 Macedonian Denar (MKD) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 20th May 2019 ( 20/05/2019 )
Below you will find the latest exchange rate for exchanging Macedonian Denar (MKD) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Macedonian Denar (MKD) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
Macedonia is a landlocked country in Southeastern Europe. The official currency of Macedonia is the Macedonian Denar. The Denar is subdivided into 100 deni. Two series of banknotes have been written for the denar. The latest comes in denominations of 10 to 5000 denari. Coins are currently in circulation in denominations of 1, 2, 5, 10 and 20 denari coin.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.