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Best USD to MKD Exchange Rate Today: 51.1580

Compare international payments, cash buys, travel money

Live USD to MKD conversion comparision showing the best exchange rates available today

1 USD = 51.1580 MKD

1 MKD to USD = 0.0195

Provider Rate Notes Action

Best Independent Provider

Rational FX 		50.6976 Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent.

Best Bank Rate

Banks 		49.7256 Determined using data on spread charges supplied by IMTI Login to your online bank account

Worst Bank Rate

Banks 		49.3675 Determined using data on spread charges supplied by Money Mover and Accourt Login to your online bank account

Cash Delivery / Holiday Money

Travel FX 		50.6976 0% Commission

Airport Pickup

Moneycorp 		50.3906 Booking Online prior to pickup is the key to getting a good rate

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USD/MKD Live Chart and Data

Exchange Rate History For Converting US Dollar (USD) to Macedonian Denar (MKD)

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Exchange Rate Today for Converting USD To MKD
Convert USD:
To MKD:		 1
51.1580		 10
511.5800		 50
2,557.9000		 100
5,115.8000		 500
25,579.0000		 1,000
51,158.0000
Convert USD:
To MKD:		 2,500
127,895.0000		 5,000
255,790.0000		 7,500
383,685.0000		 10,000
511,580.0000		 50,000
2,557,900.0000		 1,00,000
5,115,800.0000

Exchange Rate History for USD To MKD: 2017

January - 2017

SunMonTueWedThuFriSat
1

Open: 58.2091

Close: 58.1089

Mid: 57.7970

2

Open: 58.0660

Close: 58.1913

Mid: 58.1119

3

Open: 58.1420

Close: 58.7323

Mid: 58.4946

4

Open: 58.7514

Close: 58.2760

Mid: 58.4278

5

Open: 58.2780

Close: 57.6560

Mid: 57.9360

6

Open: 57.6595

Close: 57.9960

Mid: 57.8098

7

Open: 57.6595

Close: 57.9960

Mid: 57.8098

8

Open: 57.6595

Close: 57.9960

Mid: 57.8098

9

Open: 57.6973

Close: 57.7990

Mid: 57.7700

10

Open: 57.8124

Close: 57.9222

Mid: 57.7066

11

Open: 57.9193

Close: 57.7654

Mid: 58.0093

12

Open: 57.7664

Close: 57.6015

Mid: 57.4924

13

Open: 57.6020

Close: 57.4168

Mid: 57.4593

14

Open: 57.6020

Close: 57.4168

Mid: 57.4593

15

Open: 57.6020

Close: 57.4168

Mid: 57.4593

16

Open: 57.6947

Close: 57.6469

Mid: 57.6140

17

Open: 57.6859

Close: 57.0413

Mid: 57.3328

18

Open: 56.9807

Close: 57.4688

Mid: 57.2382

19

Open: 57.5203

Close: 57.2823

Mid: 57.4581

20

Open: 57.2403

Close: 57.0952

Mid: 57.2594

21

Open: 57.2403

Close: 57.0952

Mid: 57.2594

22

Open: 57.2403

Close: 57.0952

Mid: 57.2594

23

Open: 57.0903

Close: 56.7890

Mid: 56.9427

24

Open: 56.8056

Close: 56.9560

Mid: 56.8799

25

Open: 56.8657

Close: 56.8763

Mid: 56.8619

26

Open: 56.8701

Close: 57.2319

Mid: 57.0624

27

Open: 57.2169

Close: 57.1450

Mid: 57.1510

28

Open: 57.2169

Close: 57.1450

Mid: 57.1510

29

Open: 57.2169

Close: 57.1450

Mid: 57.1510

30

Open: 57.0677

Close: 57.1796

Mid: 57.2638

31

Open: 57.1737

Close: 56.6124

Mid: 56.8834

February - 2017

SunMonTueWedThuFriSat
1

Open: 56.6165

Close: 56.7603

Mid: 56.7755

2

Open: 56.7603

Close: 56.8245

Mid: 56.6447

3

Open: 56.8276

Close: 56.6912

Mid: 56.8274

4

Open: 56.8276

Close: 56.6912

Mid: 56.8274

5

Open: 56.8276

Close: 56.6912

Mid: 56.8274

6

Open: 56.6637

Close: 56.8756

Mid: 56.8731

7

Open: 56.8902

Close: 57.2431

Mid: 57.1037

8

Open: 57.2433

Close: 57.1413

Mid: 57.2644

9

Open: 57.1503

Close: 57.3634

Mid: 57.2506

10

Open: 57.3568

Close: 57.5290

Mid: 57.4796

11

Open: 57.3568

Close: 57.5290

Mid: 57.4796

12

Open: 57.3568

Close: 57.5290

Mid: 57.4796

13

Open: 57.6384

Close: 57.6856

Mid: 57.5894

14

Open: 57.6727

Close: 57.7995

Mid: 57.6576

15

Open: 57.7947

Close: 57.6812

Mid: 57.8816

16

Open: 57.6782

Close: 57.2744

Mid: 57.4864

17

Open: 57.2771

Close: 57.6188

Mid: 57.4511

18

Open: 57.2771

Close: 57.6188

Mid: 57.4511

19

Open: 57.2771

Close: 57.6188

Mid: 57.4511

20

Open: 57.7228

Close: 57.5661

Mid: 57.5936

21

Open: 57.6144

Close: 57.9758

Mid: 57.7894

22

Open: 57.9186

Close: 57.9159

Mid: 57.9824

23

Open: 57.9231

Close: 57.7774

Mid: 57.8457

24

Open: 57.7663

Close: 57.8755

Mid: 57.7003

25

Open: 57.7663

Close: 57.8755

Mid: 57.7003

26

Open: 57.7663

Close: 57.8755

Mid: 57.7003

27

Open: 57.8154

Close: 57.7363

Mid: 57.7029

28

Open: 57.7399

Close: 57.7925

Mid: 57.6485

March - 2017

SunMonTueWedThuFriSat
1

Open: 57.7279

Close: 57.9473

Mid: 57.8973

2

Open: 57.9440

Close: 58.1774

Mid: 58.0762

3

Open: 58.1997

Close: 57.5433

Mid: 57.8632

4

Open: 58.1997

Close: 57.5433

Mid: 57.8632

5

Open: 58.1997

Close: 57.5433

Mid: 57.8632

6

Open: 57.9827

Close: 57.7804

Mid: 57.7906

7

Open: 57.8717

Close: 57.8565

Mid: 57.8320

8

Open: 57.8535

Close: 57.9982

Mid: 57.9146

9

Open: 58.0004

Close: 57.7973

Mid: 57.8104

10

Open: 57.8029

Close: 57.2901

Mid: 57.4766

11

Open: 57.8029

Close: 57.2901

Mid: 57.4766

12

Open: 57.8029

Close: 57.2901

Mid: 57.4766

13

Open: 57.6656

Close: 57.3998

Mid: 57.4528

14

Open: 57.3814

Close: 57.6435

Mid: 57.4948

15

Open: 57.6432

Close: 56.9496

Mid: 57.2794

16

Open: 56.9500

Close: 56.7824

Mid: 56.9039

17

Open: 56.7955

Close: 56.9281

Mid: 56.8173

18

Open: 56.7955

Close: 56.9281

Mid: 56.8173

19

Open: 56.7955

Close: 56.9281

Mid: 56.8173

20

Open: 56.9879

Close: 56.9154

Mid: 56.8699

21

Open: 56.9228

Close: 56.5470

Mid: 56.7620

22

Open: 56.5471

Close: 56.6291

Mid: 56.5778

23

Open: 56.6310

Close: 56.6876

Mid: 56.6486

24

Open: 56.6277

Close: 56.6165

Mid: 56.5919

25

Open: 56.6277

Close: 56.6165

Mid: 56.5919

26

Open: 56.6277

Close: 56.6165

Mid: 56.5919

27

Open: 56.4367

Close: 56.2474

Mid: 56.1714

28

Open: 56.6237

Close: 56.5439

Mid: 56.5957

29

Open: 56.5415

Close: 56.7790

Mid: 56.6871

30

Open: 56.7794

Close: 57.2646

Mid: 56.9970

31

Open: 57.2600

Close: 57.3786

Mid: 57.2553

April - 2017

SunMonTueWedThuFriSat
1

Open: 57.2600

Close: 57.3786

Mid: 57.2553

2

Open: 57.2600

Close: 57.3786

Mid: 57.2553

3

Open: 57.3497

Close: 57.2958

Mid: 57.3409

4

Open: 57.2991

Close: 57.3031

Mid: 57.3662

5

Open: 57.4125

Close: 57.3358

Mid: 57.4150

6

Open: 57.2953

Close: 57.4287

Mid: 57.3612

7

Open: 57.4183

Close: 57.7295

Mid: 57.5215

8

Open: 57.4183

Close: 57.7295

Mid: 57.5215

9

Open: 57.4183

Close: 57.7295

Mid: 57.5215

10

Open: 57.7601

Close: 57.6949

Mid: 57.7285

11

Open: 57.6982

Close: 57.6443

Mid: 57.6436

12

Open: 57.6387

Close: 57.3312

Mid: 57.5160

13

Open: 57.3201

Close: 57.5981

Mid: 57.4289

14

Open: 57.5957

Close: 57.6109

Mid: 57.5635

15

Open: 57.5957

Close: 57.6109

Mid: 57.5635

16

Open: 57.5957

Close: 57.6109

Mid: 57.5635

17

Open: 57.0657

Close: 56.9529

Mid: 56.9672

18

Open: 57.4468

Close: 56.9557

Mid: 56.9380

19

Open: 56.9647

Close: 57.0718

Mid: 57.0314

20

Open: 57.0720

Close: 57.0391

Mid: 56.8766

21

Open: 57.0429

Close: 57.0084

Mid: 57.0749

22

Open: 57.0429

Close: 57.0084

Mid: 57.0749

23

Open: 57.0429

Close: 57.0084

Mid: 57.0749

24

Open: 56.0550

Close: 56.2452

Mid: 56.1482

25

Open: 56.2491

Close: 55.9119

Mid: 56.0673

26

Open: 55.8128

Close: 56.0540

Mid: 56.0001

27

Open: 56.0653

Close: 56.2255

Mid: 56.1190

28

Open: 56.2347

Close: 56.1134

Mid: 56.0552

29

Open: 56.2347

Close: 56.1134

Mid: 56.0552

30

Open: 56.2347

Close: 56.1134

Mid: 56.0552

May - 2017

SunMonTueWedThuFriSat
1

Open: 56.0369

Close: 56.1269

Mid: 56.0716

2

Open: 56.1254

Close: 55.9335

Mid: 56.0684

3

Open: 55.9286

Close: 56.1568

Mid: 56.0069

4

Open: 56.1478

Close: 55.7880

Mid: 55.9651

5

Open: 55.9273

Close: 55.6412

Mid: 55.8600

6

Open: 55.9273

Close: 55.6412

Mid: 55.8600

7

Open: 55.9273

Close: 55.6412

Mid: 55.8600

8

Open: 55.5935

Close: 55.9335

Mid: 55.7711

9

Open: 55.6990

Close: 56.2109

Mid: 55.9528

10

Open: 56.2136

Close: 56.2496

Mid: 56.2022

11

Open: 56.2522

Close: 56.2920

Mid: 56.2535

12

Open: 56.2873

Close: 55.9211

Mid: 56.0913

13

Open: 56.2873

Close: 55.9211

Mid: 56.0913

14

Open: 56.2873

Close: 55.9211

Mid: 56.0913

15

Open: 55.9317

Close: 55.6983

Mid: 55.7931

16

Open: 55.6998

Close: 55.1602

Mid: 55.3738

17

Open: 55.1533

Close: 54.7816

Mid: 54.9436

18

Open: 54.7833

Close: 55.0262

Mid: 54.9286

19

Open: 54.9099

Close: 54.5407

Mid: 54.7213

20

Open: 54.9099

Close: 54.5407

Mid: 54.7213

21

Open: 54.9099

Close: 54.5407

Mid: 54.7213

22

Open: 54.5570

Close: 54.4739

Mid: 54.4905

23

Open: 54.4816

Close: 54.6741

Mid: 54.5227

24

Open: 54.6655

Close: 54.4901

Mid: 54.6072

25

Open: 54.4937

Close: 54.5272

Mid: 54.4565

26

Open: 54.5263

Close: 54.6818

Mid: 54.5712

27

Open: 54.5263

Close: 54.6818

Mid: 54.5712

28

Open: 54.5263

Close: 54.6818

Mid: 54.5712

29

Open: 54.7422

Close: 54.7618

Mid: 54.6967

30

Open: 54.7666

Close: 54.6900

Mid: 54.8086

31

Open: 54.6546

Close: 54.4085

Mid: 54.5605

June - 2017

SunMonTueWedThuFriSat
1

Open: 54.4432

Close: 54.5360

Mid: 54.4778

2

Open: 54.5232

Close: 54.2138

Mid: 54.3414

3

Open: 54.5232

Close: 54.2138

Mid: 54.3414

4

Open: 54.5232

Close: 54.2138

Mid: 54.3414

5

Open: 54.2264

Close: 54.3239

Mid: 54.3153

6

Open: 54.3154

Close: 54.2052

Mid: 54.2579

7

Open: 54.2092

Close: 54.3471

Mid: 54.3737

8

Open: 54.3984

Close: 54.5780

Mid: 54.4613

9

Open: 54.5420

Close: 54.6181

Mid: 54.5919

10

Open: 54.5420

Close: 54.6181

Mid: 54.5919

11

Open: 54.5420

Close: 54.6181

Mid: 54.5919

12

Open: 54.5808

Close: 54.5952

Mid: 54.5190

13

Open: 54.5724

Close: 54.5368

Mid: 54.5722

14

Open: 54.5341

Close: 54.4936

Mid: 54.3459

15

Open: 54.4899

Close: 54.8519

Mid: 54.6728

16

Open: 54.8530

Close: 54.5906

Mid: 54.7236

17

Open: 54.8530

Close: 54.5906

Mid: 54.7236

18

Open: 54.8530

Close: 54.5906

Mid: 54.7236

19

Open: 54.5700

Close: 54.8726

Mid: 54.7073

20

Open: 54.9168

Close: 54.9437

Mid: 54.9044

21

Open: 54.9034

Close: 54.7379

Mid: 54.8544

22

Open: 54.7369

Close: 54.8147

Mid: 54.7797

23

Open: 54.8193

Close: 54.6194

Mid: 54.7123

24

Open: 54.8193

Close: 54.6194

Mid: 54.7123

25

Open: 54.8193

Close: 54.6194

Mid: 54.7123

26

Open: 54.5953

Close: 54.6181

Mid: 54.5045

27

Open: 54.6150

Close: 54.1589

Mid: 54.3610

28

Open: 54.4188

Close: 54.3790

Mid: 54.4731

29

Open: 54.4325

Close: 54.3493

Mid: 54.3878

30

Open: 54.4314

Close: 53.8335

Mid: 54.2043

July - 2017

SunMonTueWedThuFriSat
1

Open: 54.4314

Close: 53.8335

Mid: 54.2043

2

Open: 54.4314

Close: 53.8335

Mid: 54.2043

3

Open: 53.5704

Close: 53.6977

Mid: 53.6940

4

Open: 53.6635

Close: 53.7104

Mid: 53.6898

5

Open: 53.6988

Close: 53.8443

Mid: 53.7959

6

Open: 53.9241

Close: 53.5224

Mid: 53.7356

7

Open: 53.6197

Close: 53.6173

Mid: 53.5990

8

Open: 53.6197

Close: 53.6173

Mid: 53.5990

9

Open: 53.6197

Close: 53.6173

Mid: 53.5990

10

Open: 53.6362

Close: 53.6188

Mid: 53.5954

11

Open: 53.6607

Close: 53.3935

Mid: 53.4910

12

Open: 53.5406

Close: 53.5512

Mid: 53.5428

13

Open: 53.6149

Close: 53.5829

Mid: 53.5984

14

Open: 53.5694

Close: 53.3095

Mid: 53.4445

15

Open: 53.5694

Close: 53.3095

Mid: 53.4445

16

Open: 53.5694

Close: 53.3095

Mid: 53.4445

17

Open: 53.3906

Close: 53.2645

Mid: 53.3515

18

Open: 53.2954

Close: 52.8831

Mid: 53.1049

19

Open: 52.8856

Close: 53.0844

Mid: 52.9621

20

Open: 53.0730

Close: 52.5493

Mid: 52.8570

21

Open: 52.5717

Close: 52.4066

Mid: 52.4695

22

Open: 52.5717

Close: 52.4066

Mid: 52.4695

23

Open: 52.5717

Close: 52.4066

Mid: 52.4695

24

Open: 52.3932

Close: 52.5106

Mid: 52.4322

25

Open: 52.5155

Close: 52.4815

Mid: 52.3733

26

Open: 52.4850

Close: 52.1960

Mid: 52.3809

27

Open: 52.5289

Close: 52.3699

Mid: 52.4110

28

Open: 52.3572

Close: 52.0621

Mid: 52.1775

29

Open: 52.3572

Close: 52.0621

Mid: 52.1775

30

Open: 52.3572

Close: 52.0621

Mid: 52.1775

31

Open: 52.0397

Close: 51.7055

Mid: 51.9110

August - 2017

SunMonTueWedThuFriSat
1

Open: 51.8833

Close: 51.8290

Mid: 51.8776

2

Open: 51.8258

Close: 51.7275

Mid: 51.6817

3

Open: 51.7991

Close: 51.5137

Mid: 51.6575

4

Open: 51.4938

Close: 51.9275

Mid: 51.7560

5

Open: 51.4938

Close: 51.9275

Mid: 51.7560

6

Open: 51.4938

Close: 51.9275

Mid: 51.7560

7

Open: 51.9358

Close: 51.8250

Mid: 51.8438

8

Open: 51.8306

Close: 51.9848

Mid: 51.9079

9

Open: 52.0213

Close: 51.9846

Mid: 52.1077

10

Open: 51.9971

Close: 51.9361

Mid: 52.0502

11

Open: 51.9353

Close: 51.8666

Mid: 51.8895

12

Open: 51.9353

Close: 51.8666

Mid: 51.8895

13

Open: 51.9353

Close: 51.8666

Mid: 51.8895

14

Open: 51.9636

Close: 51.9107

Mid: 51.9080

15

Open: 51.8949

Close: 52.1152

Mid: 52.0601

16

Open: 52.1511

Close: 52.0385

Mid: 52.1589

17

Open: 52.1741

Close: 52.1531

Mid: 52.2561

18

Open: 52.1435

Close: 51.9899

Mid: 52.0435

19

Open: 52.1435

Close: 51.9899

Mid: 52.0435

20

Open: 52.1435

Close: 51.9899

Mid: 52.0435

21

Open: 51.9858

Close: 51.7394

Mid: 51.8919

22

Open: 51.7419

Close: 51.9735

Mid: 51.8715

23

Open: 51.9766

Close: 51.8673

Mid: 51.9067

24

Open: 51.9857

Close: 51.8120

Mid: 51.9225

25

Open: 51.8336

Close: 51.3477

Mid: 51.5911

26

Open: 51.8336

Close: 51.3477

Mid: 51.5911

27

Open: 51.8336

Close: 51.3477

Mid: 51.5911

28

Open: 51.4505

Close: 51.4418

Mid: 51.4998

29

Open: 51.5371

Close: 51.0692

Mid: 51.1589

30

Open: 50.9944

Close: 51.4357

Mid: 51.1819

31

Open: 51.4305

Close: 51.3702

Mid: 51.5255

September - 2017

SunMonTueWedThuFriSat
1

Open: 51.3405

Close: 51.5549

Mid: 51.3091

2

Open: 51.3405

Close: 51.5549

Mid: 51.3091

3

Open: 51.3405

Close: 51.5549

Mid: 51.3091

4

Open: 51.4469

Close: 51.4143

Mid: 51.4284

5

Open: 51.4010

Close: 51.3156

Mid: 51.3609

6

Open: 51.3049

Close: 51.2961

Mid: 51.2525

7

Open: 51.2948

Close: 50.8451

Mid: 51.0054

8

Open: 50.8439

Close: 50.7944

Mid: 50.6888

9

Open: 50.8439

Close: 50.7944

Mid: 50.6888

10

Open: 50.8439

Close: 50.7944

Mid: 50.6888

11

Open: 50.8954

Close: 51.1471

Mid: 50.9888

12

Open: 51.1426

Close: 51.0826

Mid: 51.1235

13

Open: 51.0826

Close: 51.4308

Mid: 51.2037

14

Open: 51.4372

Close: 51.2884

Mid: 51.4408

15

Open: 51.2845

Close: 51.1811

Mid: 51.1781

16

Open: 51.2845

Close: 51.1811

Mid: 51.1781

17

Open: 51.2845

Close: 51.1811

Mid: 51.1781

18

Open: 51.2309

Close: 51.1455

Mid: 51.1827

19

Open: 51.1293

Close: 50.9655

Mid: 51.0146

20

Open: 50.9673

Close: 51.4058

Mid: 51.1505

21

Open: 51.4040

Close: 51.1900

Mid: 51.3257

22

Open: 51.1900

Close: 51.1656

Mid: 51.0637

23
24
25
26
27
28
29
30

October - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

November - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

December - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
For full historical data please visit: USD/MKD exchange rate history pages for the past 365 days
For full historical data please visit: USD/MKD exchange rate history pages for the year 2017 | 2016 | 2015 | 2014 | 2013 | 2012

>> Click Here for Other Currency Conversions

>> Ask FX professional George Cole at RationalFX for guidance on where the market is moving in 2017

USD News and Forecasts from Pound Sterling Live's Editorial Team

US Dollar: September PMI Surveys Do Little To Lift The Greenback's Mal…

The Dollar slid on Friday, giving back more of its earlier gains, while September's PMI...

The Dollar-Neutral Federal Reserve is Playing the Long-Term Game

US Federal Reserve maintains a steady and Dollar-Neutral approach to interest rate rises that is...

US Dollar to Rally from Scarcity in Second Half of 2017

 

No Game-Changer for the US Dollar: Reactions to the Federal Reserve's …

  The FOMC as good as announced a December rate hike in Wednesday's statement but cuts...

Pound-to-Dollar Reverses on US Federal Reserve Event, Key Resistance L…

While the GBP/USD outlook remains broadly positive, time for consolidation, triggered in part by the...

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Publications from the US Federal Reserve

Do Non-Compete Covenants Influence State Startup Activity? Evidence fr…

This paper examines how the enforceability of employee non-compete agreements affects the entry of new establishments and jobs created by these new firms. We use a panel of startup activity...

Recall and Unemployment

We document in the Survey of Income and Program Participation covering 1990- 2013 that a surprisingly large share of workers return to their previous employer after a jobless spell and...

LNG Markets Unleashed: How Texas Stands to Benefit

Snapshot: Employers' E-Verify Use Slows Growth of Unauthorized Workfor…

High Texas Student Loan Delinquency Rates Underscore Deeper Challenges

Texas student loan borrowers have lower debt balances but higher delinquencies than the national average. Debt loads have increased in recent years, further challenging Texas students, who are already more...

  • Texas Taxes: Who Bears the Burden?

    Texas’ reliance on sales and property taxes makes its revenue-raising methods more regressive than those in most other states. Texas lawmakers, facing increasing demands for services, confront a desire to…

  • President's Perspective

    Although Hurricane Harvey is likely to be among the most expensive natural disasters in U.S. history, we are highly optimistic that Houston and the surrounding area will successfully recover and…

  • On Interest Rate Policy and Asset Bubbles

    In a provocative paper, Galí (2014) showed that a policymaker who raises interest rates to rein in a potential bubble will only make a bubble bigger if one exists. This…

  • Financialization in Commodity Markets

    The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because…

  • The Effect of Fertility on Mothers’ Labor Supply over the Last Two Centuries

    This paper documents the evolving impact of childbearing on the work activity of mothers. Based on a compiled dataset of 441 censuses and surveys between 1787 and 2015, representing 103…

  • Inflation at the Household Level

    We use scanner data to estimate inflation rates at the household level. Households' inflation rates have an annual interquartile range of 6.2 to 9.0 percentage points. Most of the heterogeneity…

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