Serbian currency slightly up against euro

The Serbian dinar (RSD) is up 0.2 percent on Wednesday against the euro (EUR) after a several-day sharp decline in value.

Izvor: Tanjug

Wednesday, 29.02.2012.

10:44

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The Serbian dinar (RSD) is up 0.2 percent on Wednesday against the euro (EUR) after a several-day sharp decline in value. The official middle exchange rate stands at RSD 110.1866 for one euro, the National Bank of Serbia (NBS) has released in a statement. Serbian currency slightly up against euro The NBS sold EUR 80mn in the interbank foreign exchange market Monday to prevent a more significant drop of dinar, but the Serbian currency still hit a historic low on Tuesday, since the rate was at RSD 110.3562 per euro. This year, the dinar was strongest on January 11, when the exchange rate stood at RSD 103.6922 for one euro. The NBS has sold a total of EUR 188.5mn this year to prevent excessive daily fluctuation in the exchange rate. The dinar is down four percent on a monthly and 6.3 percent on an annual level. The indicative dinar-versus-dollar exchange rate stood at RSD 82.2227 on Tuesday, down 0.2 percent from Monday. The dinar weakened 1.8 percent against the dollar compared to one month ago and 8.8 percent compared to a year ago. Tanjug

Serbian currency slightly up against euro

The NBS sold EUR 80mn in the interbank foreign exchange market Monday to prevent a more significant drop of dinar, but the Serbian currency still hit a historic low on Tuesday, since the rate was at RSD 110.3562 per euro.

This year, the dinar was strongest on January 11, when the exchange rate stood at RSD 103.6922 for one euro.

The NBS has sold a total of EUR 188.5mn this year to prevent excessive daily fluctuation in the exchange rate.

The dinar is down four percent on a monthly and 6.3 percent on an annual level.

The indicative dinar-versus-dollar exchange rate stood at RSD 82.2227 on Tuesday, down 0.2 percent from Monday. The dinar weakened 1.8 percent against the dollar compared to one month ago and 8.8 percent compared to a year ago.

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