Exchange rates for the Deutsche Mark in North Macedonia / DEM 100 = MKD ... (middle) / up to 1998

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Time series key	BBEX3.A.MKD.DEM.CA.AC.A04
Unit	MKD
Dimension	one
Timespan	from 1993 to 1998
Last update	20.09.2023 12:49:40 PM

General	On 8 April 1993, Macedonia was admitted to the United Nations under the temporary designation "the former Yugoslav Republic of Macedonia". With the entering into force of the Prespa Agreement on 12 February 2019, the earlier, provisional name of the country has been changed to "North Macedonia". Currency conversion with effect from 10 May 1993 at the rate of 100 Macedonian denar (old) = 1 Macedonian denar (new). We recorded the following exchange rates (buying/selling/middle rate): 15 May 1993: DEM 100 = MKD 1,290.2142 / 1,297.9788 / 1,294.09650 Listed against the euro as of January 1999, see BBEX3:A:MKD:EUR:CA:AC:A04.
Methodology	Until 1997, calculated on the basis of month-end buying and selling rates, on the basis of month-end middle rates for 1998.
Source	National Bank of the Republic of Macedonia, Skopje.

Comment on 1997	On 10 July 1997, the Macedonian denar was devalued. We recorded the following exchange rates (buying/selling/middle rate): 9 July 1997: DEM 100 = MKD 2,675.4434 / 2,691.5444 / 2,683.4939 10 July 1997: DEM 100 = MKD 3,090.7000 / 3,109.3000 / 3,100.0000 Calculated devaluation: 13.4%.
Comment on 1993	Average of the exchange rates from May to December 1993.

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