Serbian dinar loses more ground

The Serbian dinar (RSD) lost 0.49 percent of its value against the euro on Monday, with the official middle exchange rate at RSD 106.0156.

Izvor: Beta

Tuesday, 04.01.2011.

09:49

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The Serbian dinar (RSD) lost 0.49 percent of its value against the euro on Monday, with the official middle exchange rate at RSD 106.0156. The National Bank of Serbia (NBS) announced that on December 31, it sold EUR 40mn at the interbank foreign exchange market. Serbian dinar loses more ground The move came in a bid to "ease excessive daily volatility of the exchange rate". In 2010, the NBS sold EUR 2.579bn and purchased EUR 226.5mn at the foreign exchange market. The dinar hit its highest in 2010 on January 4, when the official middle exchange rate was RSD 95.9679, and its lowest on November 4, with the exchange rate RSD 107.5216.

Serbian dinar loses more ground

The move came in a bid to "ease excessive daily volatility of the exchange rate".

In 2010, the NBS sold EUR 2.579bn and purchased EUR 226.5mn at the foreign exchange market.

The dinar hit its highest in 2010 on January 4, when the official middle exchange rate was RSD 95.9679, and its lowest on November 4, with the exchange rate RSD 107.5216.

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