Convert New Taiwan Dollar to Macedonian Denar
Please provide values below to convert New Taiwan Dollar [TWD] to Macedonian Denar [MKD], or Convert Macedonian Denar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Macedonian Denar
1 TWD = 0.555673298540281 MKD
Example: convert 15 TWD to MKD:
15 TWD = 15 × 0.555673298540281 MKD = 8.33509947810422 MKD
New Taiwan Dollar to Macedonian Denar Conversion Table
| New Taiwan Dollar | Macedonian Denar |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.