MKD to TWD
Currency conversion rates from MKD to TWD
|1 MKD||1 TWD|
|5 MKD||5 TWD|
|10 MKD||10 TWD|
|20 MKD||20 TWD|
|50 MKD||50 TWD|
|100 MKD||100 TWD|
|250 MKD||250 TWD|
|500 MKD||500 TWD|
|1000 MKD||1000 TWD|
|2000 MKD||2000 TWD|
|5000 MKD||5000 TWD|
|10000 MKD||10000 TWD|
|1 TWD||1 MKD|
|5 TWD||5 MKD|
|10 TWD||10 MKD|
|20 TWD||20 MKD|
|50 TWD||50 MKD|
|100 TWD||100 MKD|
|250 TWD||250 MKD|
|500 TWD||500 MKD|
|1000 TWD||1000 MKD|
|2000 TWD||2000 MKD|
|5000 TWD||5000 MKD|
|10000 TWD||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.
TWD - New Taiwan Dollar (NT$)
New Taiwan Dollar
The New Taiwan Dollar (or the Taiwan Dollar) has been the official currency of the Taiwan Area of the Republic of China since 1949, when it replaced the Old Taiwan Dollar. It was initially issued by the Bank of Taiwan; since 2000 it has been issued by the Central Bank of the Republic of China (ROC).
The New Taiwan Dollar is the currency in Taiwan (TW, TWN). The New Taiwan Dollar is also known as the Taiwanese Dollar. The symbol for TWD can be written NT$, NTD, and NT. The New Taiwan Dollar is divided into 100 cents. The exchange rate for the New Taiwan Dollar was last updated on May 24, 2019 from Yahoo Finance. The TWD conversion factor has 5 significant digits.
- Taiwan has a developed capitalist economy that ranks as the 19th largest in the world in GDP and 23rd in nominal terms. The Republic of China governs Taiwan with gradually decreasing guidance in the areas of investment and foreign trade.
- Most large government-owned banks and industrial firms have been privatized.
- Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and, since World War II, have provided the primary impetus for industrialization.
- Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, and the Philippines.
- The New Taiwan Dollar was first issued by the Bank of Taiwan on June 15, 1949 to replace the Old Taiwan Dollar at the rate of 40,000 old Dollars = 1 new Dollar.
- The main aim of the New Taiwan Dollar was to end the hyperinflation that had plagued Taiwan and mainland China due to the Chinese civil war fought in mainland China.
- Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor. Private Taiwanese investment in mainland China is estimated to be in excess of 150 billion USD, and official sources cite Taiwan as having invested a comparable amount in Southeast Asia.
- In July, 2000 the New Taiwan Dollar became the official currency of the ROC and is no longer secondary to the silver Yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan Dollar banknotes, and the old notes issued by the Bank of Taiwan were taken out of circulation.