Serbian dinar in new record low

The Serbian dinar (RSD) will continue its four-day drop against the euro on Tuesday.

Izvor: Tanjug

Tuesday, 22.06.2010.

09:38

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The Serbian dinar (RSD) will continue its four-day drop against the euro on Tuesday. It was announced late on Monday that the drop would amount to 0.7 to 0.08 percent, which will bring the middle exchange rate to RSD 103.9678 for one euro. Serbian dinar in new record low That way the dinar will reach an all-time low against the euro despite a EUR 20mn intervention by the NBS on Monday. The NBS sold the euros on the foreign exchange market to prevent any large fluctuations in the dinar exchange rate during the day. Together with this last intervention, it has sold a total of EUR 1.228bn so far. The indicative exchange rate formed through the morning trade on the foreign exchange market was RSD 104.0950 for EUR 1.

Serbian dinar in new record low

That way the dinar will reach an all-time low against the euro despite a EUR 20mn intervention by the NBS on Monday.

The NBS sold the euros on the foreign exchange market to prevent any large fluctuations in the dinar exchange rate during the day. Together with this last intervention, it has sold a total of EUR 1.228bn so far.

The indicative exchange rate formed through the morning trade on the foreign exchange market was RSD 104.0950 for EUR 1.

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