ARS to MKD
Currency conversion rates from ARS to MKD
|1 ARS||1 MKD|
|5 ARS||5 MKD|
|10 ARS||10 MKD|
|20 ARS||20 MKD|
|50 ARS||50 MKD|
|100 ARS||100 MKD|
|250 ARS||250 MKD|
|500 ARS||500 MKD|
|1000 ARS||1000 MKD|
|2000 ARS||2000 MKD|
|5000 ARS||5000 MKD|
|10000 ARS||10000 MKD|
|1 MKD||1 ARS|
|5 MKD||5 ARS|
|10 MKD||10 ARS|
|20 MKD||20 ARS|
|50 MKD||50 ARS|
|100 MKD||100 ARS|
|250 MKD||250 ARS|
|500 MKD||500 ARS|
|1000 MKD||1000 ARS|
|2000 MKD||2000 ARS|
|5000 MKD||5000 ARS|
|10000 MKD||10000 ARS|
ARS - Argentine Peso ($)
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.
The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.
- Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
- From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
- From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
- From 1983 to 1991, the Peso was replaced by the previous currencies.
- In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
- After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.
- Argentina’s economy is rated as a higher middle economy.
- The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
- During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
- The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
- Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
- Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.
MKD - Macedonian Denar (ден)
The Macedonian Denar is the official currency of the former Yugoslav Republic of Macedonia. The exchange rate of the Denar is based on the demand and supply of foreign trade. Money supply and interest rates are dictated by the exchange rate, which is 61 Denars = 1 Euro. With this exchange rate target, Macedonia’s Central Bank has maintained a steady exchange rate for the Denar against the Euro.
The Macedonia Denar is the currency in Macedonia (The Former Yugoslav Republic, MK, MKD). The symbol for MKD can be written MKD. The Macedonia Denar is divided into 100 deni. The exchange rate for the Macedonia Denar was last updated on May 24, 2019 from Yahoo Finance. The MKD conversion factor has 4 significant digits.
- Macedonia’s economy is currently based on exports of its gas, oil, and machinery.
- Macedonia was considered the least developed of the Yugoslavia Republic states when they became independent in September 1991. Its goods and services had contributed only 5% of the national output.
- The separation from Yugoslavia depressed Macedonia’s protected markets and its transfer of payments from the Yugoslavia government.
- Macedonia’s economic growth was further delayed until the year 1996, due to UN sanctions on the Federal Republic of Yugoslavia and Greek economic restrictions.
- Worker payments and foreign assistance lessened instability during the recovery period. Macedonia’s GDP growth reached 5% in 2000.
- On April 26, 1992 the Macedonian Denar was introduced to replace the Yugoslav Dinar at par.
- On May 5, 1993 a new Macedonian Denar was issued; 1 new Denar = 100 old Denar.