Serbian currency hits new 2016 low against euro

The dinar (RSD) dropped by 0.1 percent against the euro (EUR) on Wednesday, making the official medium exchange rate RSD 123.3738 for one euro.

Izvor: Tanjug

Wednesday, 24.02.2016.

10:23

Serbian currency hits new 2016 low against euro

Serbian currency hits new 2016 low against euro

The National Bank of Serbia (NBS) sold EUR 20 million on the interbank foreign exchange market for the second consecutive day on Tuesday to curb excessive daily fluctuations of the exchange rate.

Since the beginning of the year, the dinar has dropped by 1.4 percent against the euro, the NBS said in a statement.

The national currency dropped by 0.5 percent against the eurozone currency compared to a month ago and by 2.6 percent compared to a year ago.

The dinar-to-dollar indicative exchange rate dropped by 0.4 percent to RSD 112.1070.

The dinar rose by 1.1 percent against the US currency compared to a month ago, dropping by 5.3 percent compared to a year ago.

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