MKD to GBP
Currency conversion rates from MKD to GBP
|1 MKD||1 GBP|
|5 MKD||5 GBP|
|10 MKD||10 GBP|
|20 MKD||20 GBP|
|50 MKD||50 GBP|
|100 MKD||100 GBP|
|250 MKD||250 GBP|
|500 MKD||500 GBP|
|1000 MKD||1000 GBP|
|2000 MKD||2000 GBP|
|5000 MKD||5000 GBP|
|10000 MKD||10000 GBP|
|1 GBP||1 MKD|
|5 GBP||5 MKD|
|10 GBP||10 MKD|
|20 GBP||20 MKD|
|50 GBP||50 MKD|
|100 GBP||100 MKD|
|250 GBP||250 MKD|
|500 GBP||500 MKD|
|1000 GBP||1000 MKD|
|2000 GBP||2000 MKD|
|5000 GBP||5000 MKD|
|10000 GBP||10000 MKD|
GBP - British Pound (£)
The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.
The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.
Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.
- The United Kingdom is rated as the sixth-largest economy in the world.
- The main industries range from aerospace to financial services.
- Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
- Import products are foodstuffs, fuels, machinery, and manufactured goods.
- Unemployment is estimated at 7.6%.
- It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
- In 1552, silver coinage was introduced made of sterling silver.
- In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
- The first paper money was issued in 1694, after the Bank of England was established.
- In 1861, the gold standard was adopted again.
- In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
- In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
- In 1971, the Pound was changed to a free-floating currency.
- In 1976, the country had a Sterling crisis.
- In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
- In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
- The UK had the option to adopt the Euro in 1999, but declined.
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.