MKD to RWF
Currency conversion rates from MKD to RWF
|1 MKD||1 RWF|
|5 MKD||5 RWF|
|10 MKD||10 RWF|
|20 MKD||20 RWF|
|50 MKD||50 RWF|
|100 MKD||100 RWF|
|250 MKD||250 RWF|
|500 MKD||500 RWF|
|1000 MKD||1000 RWF|
|2000 MKD||2000 RWF|
|5000 MKD||5000 RWF|
|10000 MKD||10000 RWF|
|1 RWF||1 MKD|
|5 RWF||5 MKD|
|10 RWF||10 MKD|
|20 RWF||20 MKD|
|50 RWF||50 MKD|
|100 RWF||100 MKD|
|250 RWF||250 MKD|
|500 RWF||500 MKD|
|1000 RWF||1000 MKD|
|2000 RWF||2000 MKD|
|5000 RWF||5000 MKD|
|10000 RWF||10000 MKD|
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.
RWF - Rwandan Franc (RWF)
The Rwandan Franc (RWF), is the authorized tender utilized in Rwanda. The Rwandan Franc is subdivided into a hundred centimes. Banknotes and coins are both used as legal tender for the country.
The Rwandan Franc is the currency in Rwanda (RW, RWA). The symbol for RWF can be written RF. The Rwandan Franc is divided into 100 centimes. The exchange rate for the Rwandan Franc was last updated on May 24, 2019 from Yahoo Finance. The RWF conversion factor has 5 significant digits.
- Rwanda is a very agricultural-based country with about seventy percent of the inhabitants engaged in farming. Major exports are tea and coffee.
- Despite being land-locked with a high population and minimal resources and industry, Rwanda has been able to make significant progress in rehabilitating and stabilizing its economy.
- The Rwandan economic system relies heavily on farm production of small, semi-subsistence, and fragmented farms.
- By 1994, farm size was was typically less than 1 hectare, whilst inhabitant’s density was greater than 450 individuals per square kilometer.
- The Franc became the foreign money of Rwanda in 1916, when Belgium captured the German territory and switched the German East African Rupee for the Belgian Congo Franc.
- Rwanda utilized the Belgian Congo Franc until 1960, when the Burundi and Rwanda Franc was introduced.
- Rwanda commenced issuing the Rwandan Franc in 1964.
- In 1964, banknotes of the Rwanda and Burundi Bank of Emission were overstamped for Rwanda usage only.
- In 1969, aluminum 1 franc coins were launched. In 1970, 2 and ½ francs were also added in aluminum.
- Brass 50 and 20 francs were launched in 1977.
- There is a plan to launch a standard currency, a modern East African Shilling, for 5 East African countries at the start of 2012.