Serbian currency continues to slide against euro

The dinar has slid against the euro for the fourth day in a row, going down by 0.3 percent or 31 para on Friday. The official middle exchange rate will on Friday be RSD 117.0250, the National Bank of Serbia (NBS) has announced. Serbian currency continues to slide against euro The national currency is a step away from its lowest level recorded on June 4 this year, when the official middle exchange rate was RSD 117. 6943, despite the fact that the NBS sold EUR 89.1mn to ease the excessive volatility of the exchange rate on a daily basis. Since the beginning of 2012, the central bank sold EUR 1.27bn on the interbank foreign exchange market. The national currency reached its highest level against the single European currency on January 11, when the official middle exchange rate stood at RSD 103.6922. Since the beginning of the year, the Serbian dinar has dropped against the euro by 10.6 percent. Today, the dinar is 3.9 percent down on this time last month, and 14 percent down on the year. On Thursday, the indicative dinar-versus-dollar exchange rate stood at RSD 92.8770, reflecting a 0.1 percent drop of the dinar. The Serbian currency weakened against the US dollar by 5.7 percent when compared to the level a month ago, by 24.9 percent if compared to a year ago, and by 12.9 percent since the beginning of the year. (Tanjug, file) Tanjug

Serbian currency continues to slide against euro

The national currency is a step away from its lowest level recorded on June 4 this year, when the official middle exchange rate was RSD 117. 6943, despite the fact that the NBS sold EUR 89.1mn to ease the excessive volatility of the exchange rate on a daily basis.

Since the beginning of 2012, the central bank sold EUR 1.27bn on the interbank foreign exchange market.

The national currency reached its highest level against the single European currency on January 11, when the official middle exchange rate stood at RSD 103.6922. Since the beginning of the year, the Serbian dinar has dropped against the euro by 10.6 percent.

Today, the dinar is 3.9 percent down on this time last month, and 14 percent down on the year.

On Thursday, the indicative dinar-versus-dollar exchange rate stood at RSD 92.8770, reflecting a 0.1 percent drop of the dinar.

The Serbian currency weakened against the US dollar by 5.7 percent when compared to the level a month ago, by 24.9 percent if compared to a year ago, and by 12.9 percent since the beginning of the year.