Exchange Rate in North Macedonia
North Macedonia - Exchange RateEconomic conditions seemingly improved in Q2, after GDP shrank at a somewhat sharper pace in Q1. Retail sales rose strongly year-on-year in the quarter, hinting at firming household spending, while a sharp bounce-back in industrial production points to healthier private sector activity. Meanwhile, merchandise exports and tourist arrivals also jumped compared to Q2 2020. That said, all indicators benefited from an extremely low base effect. The recovery in activity should have carried over into Q3, albeit at a more moderate pace, as suggested by softer but still-healthy growth in retail sales in July. Fiscal data for January-July, which shows the budget deficit narrowed considerably from 2020, is a further sign of recovery. Meanwhile, on 23 August S&P Global Ratings affirmed the country’s credit rating at BB-, highlighting the stability of its banking system.
North Macedonia - Exchange Rate Data
|Exchange Rate (vs USD)||56.55||58.50||51.28||53.80||54.86|
5 years of economic forecasts for more than 30 economic indicators.
North Macedonia Exchange Rate Chart
North Macedonia Facts
|Exchange Rate||54.86||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.