Serbian dinar continues to drop against euro

The Serbian dinar is down by eight para or 0.1 percent Monday, the National Bank of Serbia (NBS) has announced.

Izvor: Tanjug

Monday, 21.05.2012.

09:55

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The Serbian dinar is down by eight para or 0.1 percent Monday, the National Bank of Serbia (NBS) has announced. The home currency therefore dropped to an official middle exchange rate of RSD 113.3754 for one euro. Serbian dinar continues to drop against euro Since the beginning of 2012, the central bank has sold a total of EUR 838.5mn on the interbank foreign exchange market so as to ensure smooth running of the foreign exchange market. This year, the dinar hit its highest level against the single European currency on January 11 with the exchange rate at RSD 103.6922. The dinar is 1.7 percent down on this time last month, and 14.4 percent down on the year. On Friday, May 18, the indicative dinar-versus-dollar exchange rate was at RSD 89.0896, recording a 0.4 percent increase from the day before. The dinar weakened against the U.S. dollar by 4.8 percent when compared to the level a month ago, and by 23.9 percent if compared to a year ago. Tanjug

Serbian dinar continues to drop against euro

Since the beginning of 2012, the central bank has sold a total of EUR 838.5mn on the interbank foreign exchange market so as to ensure smooth running of the foreign exchange market.

This year, the dinar hit its highest level against the single European currency on January 11 with the exchange rate at RSD 103.6922.

The dinar is 1.7 percent down on this time last month, and 14.4 percent down on the year.

On Friday, May 18, the indicative dinar-versus-dollar exchange rate was at RSD 89.0896, recording a 0.4 percent increase from the day before.

The dinar weakened against the U.S. dollar by 4.8 percent when compared to the level a month ago, and by 23.9 percent if compared to a year ago.

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