North Macedonia Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
North Macedonia's exchange rate was 58.82 in 2025, ranked 74th globally. This represents a 3.4% increase from 2024. Data from World Bank, covering 1994–2025.
Overview
North Macedonia's exchange rate stood at 58.82 in 2025, a rise of +1.95 from 2024. Based on recent trends, this figure is projected to reach 58.82 by 2025. North Macedonia ranked 74th globally.
North Macedonia’s exchange rate has risen from 43.26 in 1994 to 58.82 in 2025, placing the country 74th globally among 215 economies. The series, spanning 32 years, peaked at 68.04 in 2001, a level that reflected post‑transition capital inflows, before falling to a trough of 37.88 in 1995 amid early fiscal instability. Since the early 2000s the currency has shown a gradual appreciation, outpacing peers such as the Dominican Republic (58.43) and the Philippines (59.77) while remaining weaker than Mozambique (61.50). The upward trajectory aligns with steady macro‑economic reforms, improved current‑account balances and modest inflation differentials relative to the euro area, to which the Macedonian denar is closely linked. Continued fiscal consolidation, deeper integration with European markets and a resilient export sector could sustain the modest appreciation, whereas external shocks or a widening policy gap with the euro would likely reverse the recent trend.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 60.88 | - | - |
| 2026* trend | 59.85 | - | - |
| 2025* trend | 58.82 | - | - |
| 2025 | 58.82 | +1.95 | #74 |
| 2024 | 56.87 | −0.07 | #130 |
| 2023 | 56.95 | −1.63 | #133 |
| 2022 | 58.57 | +6.47 | #134 |
| 2021 | 52.10 | −2.04 | #133 |
| 2020 | 54.14 | −0.80 | #134 |
| 2019 | 54.95 | +2.84 | #135 |
| 2018 | 52.11 | −2.56 | #134 |
| 2017 | 54.67 | −1.07 | #135 |
| 2016 | 55.73 | +0.19 | #136 |
| 2015 | 55.54 | +9.10 | #138 |
| 2014 | 46.44 | +0.04 | #139 |
| 2013 | 46.40 | −1.49 | #139 |
| 2012 | 47.89 | +3.66 | #140 |
| 2011 | 44.23 | −2.25 | #140 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's exchange rate was 58.82 in 2025. Ranked 74th globally. This represents a 3.4% increase from the previous year.
North Macedonia's exchange rate peaked at 68.04 in 2001.
The lowest exchange rate in North Macedonia was 37.88 in 1995.
North Macedonia ranks 74th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
North Macedonia's exchange rate is projected to reach 58.82 by 2025 based on trend extrapolation.
The exchange rate of North Macedonia in 2025 was 58.82. This ranks 74th in the world.
Cite this page
@misc{historysaid_north-macedonia_exchange-rate,
title = {North Macedonia Exchange Rate},
url = {https://historysaid.com/north-macedonia/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}