Serbian currency slides to fresh low

The Serbian dinar (RSD) dropped 0.2 percent against the euro (EUR) to end the week at RSD 121.2160 for one euro on Friday.

Source: Tanjug

This is the new lowest value of the domestic currency this year.

The Serbian currency dropped 1.6 percent against the eurozone single currency compared to a month earlier and 5.4 percent against a year earlier, the central bank (NBS) said.

The dinar is up 0.6 percent against the U.S. dollar, with the indicative exchange rate standing at RSD 97.7548 for one dollar today.

Placed against the U.S. currency, the dinar is worth 2.7 percent less than a month ago and 13.8 percent less than a year ago.

The Serbian currency touched its highest middle exchange rate level this year on January 1, when one euro could buy RSD 114.6421.

Since the beginning of the year, the NBS has bought a total of EUR 200 million and sold EUR 1.465 billion in the interbank foreign exchange market to prevent excessive daily volatility of the dinar exchange rate.

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