Currency · Live data
Macedonian Denar
MKDNorth Macedonia · Issued by Народна банка на Република Северна Македонија
Price (USD)
—
Inflation (2024)
+3.49%
10y M2 change
+107%
M69 Score
80.0
Market Cap (USD)
—
via M2 · 2024
M2 (local currency)
583.27B MKD
current LCU
CPI YoY (2024)
+3.49%
World Bank · annual
Country
North Macedonia
ISO 4217 · MKD
Last Update
2026-04-25
Daily ingest · 02:00 UTC
Macedonian Denar M2 money supply
Broad money in MKD (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Macedonian Denar inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for North Macedonia. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Macedonian Denar be worth today if you'd held it since…?
100 MKD in 2001 buys today
30.14 MKDworth of goods
Lost 70% of purchasing power since 2001.
To match 2001 purchasing power, you need today
331.81 MKD
46 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:04:45
- Country code (ISO 3166-1):
- MKD
Raw data: /api/v1/currencies/current/MKD
Frequently asked questions
Who issues the Macedonian Denar?+
The Macedonian Denar (MKD) is issued by Народна банка на Република Северна Македонија. As the monetary authority for North Macedonia, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the Macedonian Denar?+
Latest available consumer price inflation for the Macedonian Denar: 3.49% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the Macedonian Denar been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 107% over the past decade. Combined with cumulative inflation, this is the gap between MKD as accounting unit and MKD as a store of value.
Is the Macedonian Denar sound money?+
On the Money2069 0–100 sound-money scale, the Macedonian Denar currently scores 80.0. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the Macedonian Denar compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.