The exchange rate of USDMKD rose by 0.3359 or 0.60% on Monday, October 21, reaching 56.6959, up from 56.3600 in the previous trading session.
Historically, the USDMKD hit an all-time high of 64.48 in Stember 2022, highlighting significant fluctuations in currency performance.
Looking ahead, the North Macedonian Denar is projected to trade at 55.98 by the end of the current quarter, according to insights from global macro models and analyst forecasts. Over the next 12 months, expectations suggest a potential increase to 57.94.