The Serbian dinar stayed close to 117.60 per euro on Wednesday, while it continued to weaken more noticeably against the US dollar.
- The NBS median rate is 117.6013 dinars per euro, barely changed from Tuesday.
- The dinar is down 0.1% month-on-month and 0.3% year-on-year against the euro.
- Against the US dollar, the rate is 105.0105 dinars, down 4.9% since the start of the year.
- Dollar-denominated payments have become more expensive in dinar terms over the past month.
The official median exchange rate of the Serbian dinar is 117.6013 dinars for one euro on Wednesday, according to the National Bank of Serbia. The rate is only slightly changed from Tuesday.
The central bank's figures show that the dinar has weakened modestly against the euro over several periods:
- Month-on-month: down 0.1 percent
- Year-on-year: down 0.3 percent
- Since the beginning of the year: down 0.3 percent
Against the US dollar, the indicative exchange rate is 105.0105 dinars for one dollar. The dinar has lost more ground against the American currency than against the euro:
- Month-on-month: down 0.6 percent
- Year-on-year: down 3.0 percent
- Since the beginning of the year: down 4.9 percent
What the figures mean
The median rate is the reference rate published by the National Bank of Serbia, and it serves as a benchmark for banks and companies. The euro is the main reference currency for the dinar, and the small movements against it point to a relatively stable exchange rate in that pair.
For businesses and households with euro-linked prices, loans or contracts, the figures indicate little change in costs over the past month. Dollar-denominated payments have become somewhat more expensive in dinar terms over the same period, according to the central bank's data.
The National Bank of Serbia publishes the official exchange rate list every working day. Readers can follow more economic updates in the latest news section.
Frequently asked questions
What is the official exchange rate of the dinar against the euro?
According to the National Bank of Serbia, the official median rate on Wednesday was 117.6013 dinars for one euro. The rate changed only slightly from Tuesday.
How has the dinar performed against the US dollar?
The dinar has weakened more against the dollar than against the euro. The indicative rate is 105.0105 dinars per dollar, down 4.9% since the beginning of the year.
How does the exchange rate affect businesses and households?
Businesses and households with euro-linked prices, loans, or contracts should see little change in costs. Dollar-denominated payments, however, have become somewhat more expensive in dinar terms.
