Dinar hits all time low
The official middle exchange rate will stand at RSD 108.4031 per one euro on Thursday, which is a historical minimum.
Thursday, 09.02.2012.
09:30
The official middle exchange rate will stand at RSD 108.4031 per one euro on Thursday, which is a historical minimum. The home currency additionally weakened against euro despite an intervention in the interbank foreign exchange market by the National Bank of Serbia (NBS), which sold EUR 10mn on Wednesday, NBS has said in a release. Dinar hits all time low NBS intervened in order to mitigate excessive daily volatility of the exchange rate, since at one point the indicative rate reached RSD 108.3539. Thursday's exchange rate will drop by one percent when compared to the previous day. Domestic experts have estimated that the main reason for the decline in the value of the national currency, which stood at RSD 105.9984 per one euro on Monday, February 6, are increased demand and import of energy sources due to a cold snap in Serbia. Thursday's level of the dinar is lower than any of its rate throughout 2011 with the record low on January 6 when the official exchange rate stood at RSD 106.4947 for one euro. In 2012, the dinar hit its highest level against the hard currency on January 11, when the official middle exchange rate was at RSD 103.6922. On a monthly level, the dinar weakened against the euro by 3.3 percent on Wednesday, while sliding 4.7 percent on an annual basis. On Wednesday, the indicative dinar-versus-dollar exchange rate dropped by one percent and amounted to RSD 81.7273 per one dollar, thus weakening by 0.9 percent on a monthly basis, and 7.3 percent on an annual level, the NBS release reads. Tanjug
Dinar hits all time low
NBS intervened in order to mitigate excessive daily volatility of the exchange rate, since at one point the indicative rate reached RSD 108.3539.Thursday's exchange rate will drop by one percent when compared to the previous day.
Domestic experts have estimated that the main reason for the decline in the value of the national currency, which stood at RSD 105.9984 per one euro on Monday, February 6, are increased demand and import of energy sources due to a cold snap in Serbia.
Thursday's level of the dinar is lower than any of its rate throughout 2011 with the record low on January 6 when the official exchange rate stood at RSD 106.4947 for one euro.
In 2012, the dinar hit its highest level against the hard currency on January 11, when the official middle exchange rate was at RSD 103.6922.
On a monthly level, the dinar weakened against the euro by 3.3 percent on Wednesday, while sliding 4.7 percent on an annual basis.
On Wednesday, the indicative dinar-versus-dollar exchange rate dropped by one percent and amounted to RSD 81.7273 per one dollar, thus weakening by 0.9 percent on a monthly basis, and 7.3 percent on an annual level, the NBS release reads.
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