The Serbian dinar traded at 117.6322 per euro on Thursday, weakening slightly against the euro and more noticeably against the US dollar, according to the National Bank of Serbia.
- Euro rate: 117.6322 dinars per euro, down 0.3% since the start of the year.
- Dollar rate: 106.1567 dinars per dollar, down 5.9% since the start of the year.
- Movements against the euro stayed within a narrow range (down 0.2% month on month, 0.4% year on year).
- Declines against the dollar were larger: down 1.4% month on month and 3.3% year on year.
- A weaker dinar means higher dinar costs for importers, travelers and borrowers with dollar-linked obligations.
The official median exchange rate of the Serbian dinar is 117.6322 dinars for one euro on Thursday, according to the National Bank of Serbia. The central bank described this as a slight change compared with Tuesday's rate.
The median rate is the reference rate the central bank publishes for the dinar. It is commonly used as a benchmark for currency conversion in Serbia.
Dinar against the euro
Compared with the euro, the dinar has weakened slightly over all the periods reported by the National Bank of Serbia:
- Month on month: down 0.2 percent
- Year on year: down 0.4 percent
- Since the beginning of the year: down 0.3 percent
The figures indicate that the dinar has stayed within a narrow range against the euro, which is the main currency in Serbia's foreign trade and the one most often used as a reference for prices and loans.
Dinar against the dollar
The indicative exchange rate against the US dollar is 106.1567 dinars for one dollar. The source reports that the dinar is down 1.3 percent against the dollar, without specifying the comparison period for that figure.
Other changes against the dollar are larger than those against the euro:
- Month on month: down 1.4 percent
- Year on year: down 3.3 percent
- Since the beginning of the year: down 5.9 percent
In this context, a decline means the dinar buys less of the foreign currency than in the earlier period. For importers, travelers and borrowers with dollar-linked obligations, this means higher costs in dinar terms. The figures come from the National Bank of Serbia, which publishes updated exchange rates on working days.
Frequently asked questions
What is the official dinar-to-euro exchange rate on Thursday?
According to the National Bank of Serbia, the official median rate was 117.6322 dinars for one euro on Thursday.
How much has the dinar weakened against the euro this year?
The dinar is down 0.3% against the euro since the beginning of the year, with a 0.2% decline month on month and 0.4% year on year.
Why has the dinar's decline against the dollar mattered more?
The dinar has fallen 5.9% against the dollar since the start of the year, a larger drop than against the euro. This raises costs for importers, travelers and borrowers with dollar-linked debt.
Where do these exchange rate figures come from and how often are they updated?
The figures are published by the National Bank of Serbia, which updates its exchange rates on working days.
