Euro to Macedonian Denar Exchange Rate History: 2000–2026
This page provides historical exchange rates for the Macedonian denar (MKD) against the euro (EUR) and for the euro against the Macedonian denar in Germany. It includes historical exchange rate charts, yearly trends, average rates, and historical highs and lows. You can see how the MKD/EUR and EUR/MKD exchange rates have changed over different periods and compare historical exchange rates by year.
Historical EUR/MKD Exchange Rates by Year, 2000–2026
Table 1 shows the historical development of the euro exchange rate against the Macedonian denar from 2000 to 2026. For every year, the annual average exchange rate is shown based on official Deutsche Bundesbank data 1. The table also includes the change from the previous year and the change compared with the first year of the period under review. The annual average exchange rate helps illustrate the broader trend of the EUR/MKD currency pair without placing too much emphasis on short-term fluctuations on specific dates. Because the data for 2026 is preliminary and updated daily, only completed years from 2000 through 2025 are included in the statistical indicators used to assess long-term exchange rate trends.
In 2025, the average euro exchange rate against the Macedonian denar was 61.59 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with 2000, the Macedonian denar depreciated by 1.4 % against the euro, corresponding to an average annual decline of about 0.06 % (CAGR). Over the same period, the euro exchange rate rose by 1.4 % against the Macedonian denar 2. The average EUR/MKD exchange rate over the entire period was 61.41 MKD per 1 EUR (while the average MKD/EUR exchange rate was 0.016 EUR per MKD), so the latest annual average euro exchange rate is 0.3 % above the long-term average.
During the period under review, the highest annual average MKD/EUR rate was 0.016 EUR per 1 MKD (equivalent to 60.73 MKD per 1 EUR) in 2000, while the lowest was 0.016 EUR per 1 MKD (equivalent to 61.68 MKD per 1 EUR) in 2020. Overall, the long-term trend indicates that the Macedonian denar has weakened against the euro.
Table 1: Annual changes 3 in the euro exchange rate against the Macedonian denar
| Year | Exchange rate 1 EUR = ... MKD | Change from previous year | Change since 2000 | Exchange rate 1 MKD = ... EUR | Trend EUR | Trend MKD |
|---|---|---|---|---|---|---|
| 2000 | 60.73 | — iIn 2000, the average euro exchange rate against the Macedonian denar was 60.73 MKD per 1 EUR, or 0.016 EUR per 1 MKD. As this is the first year in the period under review, no year-on-year change is available. There is also no change compared with the base year 2000, as the exchange rate of 1 EUR = 60.73 MKD is used as the starting point for comparison. | 0.0 % | 0.016 | ⚖ | ⚖ |
| 2001 | 60.92 | +0.3 % iIn 2001, the average EUR/MKD exchange rate was 60.92 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.3 % against the Macedonian denar, while MKD depreciated by 0.3 % against the euro 2. | +0.3 % | 0.016 | ▲ | ▼ |
| 2002 | 60.98 | +0.1 % iIn 2002, the average EUR/MKD exchange rate was 60.98 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.4 %, while the value of the Macedonian denar against the euro decreased by 0.4 %. | +0.4 % | 0.016 | ▲ | ▼ |
| 2003 | 61.26 | +0.5 % iIn 2003, the average EUR/MKD exchange rate was 61.26 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.5 % against the Macedonian denar, while MKD depreciated by 0.5 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.9 %, while the value of the Macedonian denar against the euro decreased by 0.9 %. | +0.9 % | 0.016 | ▲ | ▼ |
| 2004 | 61.34 | +0.1 % iIn 2004, the average EUR/MKD exchange rate was 61.34 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.0 %, while the value of the Macedonian denar against the euro decreased by 1.0 %. | +1.0 % | 0.016 | ▲ | ▼ |
| 2005 | 61.30 | -0.1 % iIn 2005, the average EUR/MKD exchange rate was 61.30 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.1 % against the Macedonian denar, while MKD appreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.9 %, while the value of the Macedonian denar against the euro decreased by 0.9 %. | +0.9 % | 0.016 | ▼ | ▲ |
| 2006 | 61.19 | -0.2 % iIn 2006, the average EUR/MKD exchange rate was 61.19 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.2 % against the Macedonian denar, while MKD appreciated by 0.2 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.8 %, while the value of the Macedonian denar against the euro decreased by 0.8 %. | +0.8 % | 0.016 | ▼ | ▲ |
| 2007 | 61.19 | +0.0 % iIn 2007, the average EUR/MKD exchange rate was 61.19 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.0 % against the Macedonian denar, while MKD depreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.8 %, while the value of the Macedonian denar against the euro decreased by 0.8 %. | +0.8 % | 0.016 | ▲ | ▼ |
| 2008 | 61.27 | +0.1 % iIn 2008, the average EUR/MKD exchange rate was 61.27 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.9 %, while the value of the Macedonian denar against the euro decreased by 0.9 %. | +0.9 % | 0.016 | ▲ | ▼ |
| 2009 | 61.27 | 0.0 % iIn 2009, the average EUR/MKD exchange rate was 61.27 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 0.9 %, while the value of the Macedonian denar against the euro decreased by 0.9 %. | +0.9 % | 0.016 | ▼ | ▲ |
| 2010 | 61.52 | +0.4 % iIn 2010, the average EUR/MKD exchange rate was 61.52 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.4 % against the Macedonian denar, while MKD depreciated by 0.4 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▲ | ▼ |
| 2011 | 61.53 | +0.0 % iIn 2011, the average EUR/MKD exchange rate was 61.53 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.0 % against the Macedonian denar, while MKD depreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▲ | ▼ |
| 2012 | 61.53 | 0.0 % iIn 2012, the average EUR/MKD exchange rate was 61.53 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▼ | ▲ |
| 2013 | 61.58 | +0.1 % iIn 2013, the average EUR/MKD exchange rate was 61.58 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.4 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.4 % | 0.016 | ▲ | ▼ |
| 2014 | 61.63 | +0.1 % iIn 2014, the average EUR/MKD exchange rate was 61.63 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.5 %, while the value of the Macedonian denar against the euro decreased by 1.5 %. | +1.5 % | 0.016 | ▲ | ▼ |
| 2015 | 61.61 | 0.0 % iIn 2015, the average EUR/MKD exchange rate was 61.61 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.5 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.5 % | 0.016 | ▼ | ▲ |
| 2016 | 61.60 | 0.0 % iIn 2016, the average EUR/MKD exchange rate was 61.60 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.4 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.4 % | 0.016 | ▼ | ▲ |
| 2017 | 61.58 | 0.0 % iIn 2017, the average EUR/MKD exchange rate was 61.58 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.4 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.4 % | 0.016 | ▼ | ▲ |
| 2018 | 61.51 | -0.1 % iIn 2018, the average EUR/MKD exchange rate was 61.51 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.1 % against the Macedonian denar, while MKD appreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▼ | ▲ |
| 2019 | 61.51 | +0.0 % iIn 2019, the average EUR/MKD exchange rate was 61.51 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.0 % against the Macedonian denar, while MKD depreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▲ | ▼ |
| 2020 | 61.68 | +0.3 % iIn 2020, the average EUR/MKD exchange rate was 61.68 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.3 % against the Macedonian denar, while MKD depreciated by 0.3 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.6 %, while the value of the Macedonian denar against the euro decreased by 1.5 %. | +1.6 % | 0.016 | ▲ | ▼ |
| 2021 | 61.63 | -0.1 % iIn 2021, the average EUR/MKD exchange rate was 61.63 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.1 % against the Macedonian denar, while MKD appreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.5 %, while the value of the Macedonian denar against the euro decreased by 1.5 %. | +1.5 % | 0.016 | ▼ | ▲ |
| 2022 | 61.62 | 0.0 % iIn 2022, the average EUR/MKD exchange rate was 61.62 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.5 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.5 % | 0.016 | ▼ | ▲ |
| 2023 | 61.56 | -0.1 % iIn 2023, the average EUR/MKD exchange rate was 61.56 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.1 % against the Macedonian denar, while MKD appreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.4 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.4 % | 0.016 | ▼ | ▲ |
| 2024 | 61.53 | 0.0 % iIn 2024, the average EUR/MKD exchange rate was 61.53 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro depreciated by 0.0 % against the Macedonian denar, while MKD appreciated by 0.0 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.3 %, while the value of the Macedonian denar against the euro decreased by 1.3 %. | +1.3 % | 0.016 | ▼ | ▲ |
| 2025 | 61.59 | +0.1 % iIn 2025, the average EUR/MKD exchange rate was 61.59 MKD per 1 EUR, or 0.016 EUR per 1 MKD. Compared with the previous year, the euro appreciated by 0.1 % against the Macedonian denar, while MKD depreciated by 0.1 % against the euro 2. Compared with 2000, the value of the euro against the Macedonian denar increased by 1.4 %, while the value of the Macedonian denar against the euro decreased by 1.4 %. | +1.4 % | 0.016 | ▲ | ▼ |
| 2026 | 61.63 | +0.1 % iThe average exchange rate for 2026 is based on data available since the beginning of the year and is therefore preliminary. It may change as new daily exchange rates for the Macedonian denar are published and is not directly comparable with the final annual average exchange rates of previous years. | +1.5 % | 0.016 | ⚖ | ⚖ |
Euro to Macedonian Denar Exchange Rate Trends by Year
The following chart shows the yearly development of the euro exchange rate against the Macedonian denar (1 EUR = ... MKD). When the bars show an upward trend and are displayed in green, this indicates that the euro is strengthening while the Macedonian denar is weakening against the euro. When the bars show a downward trend and are displayed in red, the Macedonian denar is strengthening against the euro while the euro is weakening.
Chart 1. Yearly changes in the euro exchange rate against the Macedonian denar
Macedonian Denar to Euro Exchange Rate Trends by Year
The following chart shows the yearly development of the Macedonian denar exchange rate against the euro (1 MKD = ... EUR). When the bars show an upward trend and are displayed in green, this indicates that the Macedonian denar is strengthening while the euro is weakening. When the bars show a downward trend and are displayed in red, this indicates that the Macedonian denar is weakening while the euro is strengthening.
Chart 2. Yearly changes in the Macedonian denar exchange rate against the euro
Historical Exchange Rate Analysis: Euro to Macedonian Denar and Macedonian Denar to Euro
This section provides the main statistical indicators for the annual average exchange rate of the euro against the Macedonian denar and the Macedonian denar against the euro from 2000 to 2025 (direct quotation and inverse quotation). The statistics provide a quick overview of the long-term exchange rate trend, trend strength, historical range and the position of the latest annual average rate relative to previous values. The “latest annual average exchange rate” refers to the average exchange rate for the most recent completed year in the period under review, which is 2025.
- Euro to Macedonian denar
- Macedonian denar to euro
Key statistics for the euro exchange rate against the Macedonian denar
Key indicators | |
| Average exchange rate for the entire period | 1 EUR = 61.41 MKD |
|---|---|
| Latest annual average exchange rate (2025) | 1 EUR = 61.59 MKD |
| Deviation of the latest annual average from the long-term average | 0.3 % |
| Exchange rate change since 2000 | 1.4 % |
| Compound annual rate of change (CAGR) | 0.06 % |
| Change factor since 2000 | 1.0 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 EUR = 60.73 MKD in 2000 |
| Highest annual average exchange rate | 1 EUR = 61.68 MKD in 2020 |
| Percentage range between the historical low and high | 1.6 % |
| How far the latest annual average is below the historical high | 0.1 % |
| How far the latest annual average is above the historical low | 1.4 % |
Trend and annual changes | |
| Number of years in which the euro exchange rate increased | 11 |
| Number of years in which the euro exchange rate decreased | 11 |
| Number of years with no change | 3 |
| Largest annual appreciation of the euro | 0.5 % in 2003 |
| Largest annual depreciation of the euro | -0.2 % in 2006 |
| Most recent of the longest streaks of increases | 4 years from 2000 to 2004 |
| Most recent of the longest streaks of decreases | 4 years from 2020 to 2024 |
| Average absolute annual change | 0.1 % |
From 2000 to 2025, the average annual euro exchange rate against the Macedonian denar changed from 60.73 MKD per EUR to 61.59 MKD per EUR. Over the entire period, the EUR/MKD exchange rate increased by 1.4 %, corresponding to a change by a factor of 1.0. The compound annual rate of change (CAGR) was 0.06 %. The average exchange rate for the entire period was 61.41 MKD per EUR. The latest annual average rate is 0.3 % above the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 60.73 MKD per EUR in 2000, while the highest was 61.68 MKD per EUR in 2020. The range between the minimum and maximum reached 1.6 %. The latest annual average rate is 0.1 % below the historical maximum. The average absolute year-on-year change was 0.1 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 4 years (2000–2004). The most recent of the longest streaks of consecutive decreases lasted 4 years. Over the period under review, the exchange rate showed no clear directional bias, with increases and decreases occurring with roughly equal frequency.
Key statistics for the Macedonian denar exchange rate against the euro
Key indicators | |
| Average exchange rate for the entire period | 1 MKD = 0.016 EUR |
|---|---|
| Latest annual average exchange rate (2025) | 1 MKD = 0.016 EUR |
| Deviation of the latest annual average from the long-term average | -0.3 % |
| Exchange rate change since 2000 | -1.4 % |
| Compound annual rate of change (CAGR) | -0.06 % |
| Change factor since 2000 | 1.0 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 MKD = 0.016 EUR in 2020 |
| Highest annual average exchange rate | 1 MKD = 0.016 EUR in 2000 |
| Percentage range between the historical low and high | 1.5 % |
| How far the latest annual average is below the historical high | 1.4 % |
| How far the latest annual average is above the historical low | 0.1 % |
Trend and annual changes | |
| Number of years in which the Macedonian denar exchange rate increased | 11 |
| Number of years in which the Macedonian denar exchange rate decreased | 11 |
| Number of years with no change | 3 |
| Largest annual appreciation of the Macedonian denar | 0.2 % in 2006 |
| Largest annual depreciation of the Macedonian denar | -0.5 % in 2003 |
| Most recent of the longest streaks of increases | 4 years from 2020 to 2024 |
| Most recent of the longest streaks of decreases | 4 years from 2000 to 2004 |
| Average absolute annual change | 0.1 % |
From 2000 to 2025, the average annual exchange rate of the Macedonian denar against the euro changed from 0.016 to 0.016 EUR per MKD. Over the entire period, the MKD/EUR exchange rate decreased by 1.4 %, corresponding to a change by a factor of 1.0. The compound annual rate of change (CAGR) over the period was -0.06 %. The average exchange rate for the entire period was 0.016 EUR per MKD. The latest annual average rate is 0.3 % below the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 0.016 EUR per MKD in 2020, while the highest was 0.016 EUR per MKD in 2000. The range between the minimum and maximum reached 1.5 %. The latest annual average rate is 1.4 % below the historical maximum. The average absolute year-on-year change was 0.1 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 4 years (2020–2024). The most recent of the longest streaks of consecutive decreases lasted 4 years. Over the period under review, the exchange rate showed no clear directional bias, with increases and decreases occurring with roughly equal frequency.
Notes on the exchange rate data
- The historical annual average euro exchange rates against the Macedonian denar are based on data from the Deutsche Bundesbank. The average Macedonian denar exchange rate for 2026 is calculated using mid-market rates available from German banks since the beginning of the year. For more information, see the page “The current Macedonian denar to euro exchange rate”.
- The percentage change differs between the direct and inverse exchange rate quotations, even though both describe the same currency pair. For example, if the exchange rate changes from 1 EUR = 60.73 MKD to 1 EUR = 61.68 MKD, the percentage change is 1.6 %. In the inverse quotation, however, the rate changes from 1 MKD = 0.016 EUR to 1 MKD = 0.016 EUR, which corresponds to a change of 1.5 %, not 1.6 %. This is because percentage change is always calculated relative to the starting value, and the starting values are different for the direct and inverse exchange rate quotations.
- The exchange rates shown in the table are rounded to two or three decimal places, while all statistical indicators are calculated from the underlying data to four decimal places. As a result, manual calculations based on the displayed values may produce small differences due to rounding.
Last updated: