NBS intervenes, dinar-to-euro rate RSD 117.5163

The National Bank of Serbia (NBS) bought 45 mln euros on the interbank foreign exchange market, making Monday's official dinar-to-euro median exchange rate 117.5163 dinars for one euro, which is a slight change from today, the NBS said.

13 Decembar 2019 19:35

BELGRADE - The National Bank of Serbia (NBS) bought 45 mln euros on the interbank foreign exchange market, making Monday's official dinar-to-euro median exchange rate 117.5163 dinars for one euro, which is a slight change from today, the NBS said.

The dinar will remain steady against the euro m-o-m, rising 0.7 pct y-o-y and 0.6 pct compared to the beginning of the year.

The indicative exchange rate against the dollar fell 0.4 pct to 105.5757 dinars for one dollar on Friday.

The dinar rose 1.0 pct against the dollar m-o-m, declining 1.3 pct y-o-y and 2.1 pct since the beginning of the year.

Friday's intervention included, the NBS has bought 2.815 bln euros and sold 405 mln euros since the beginning of the year to curb excessive daily exchange rate fluctuations.

The dinar hit a new 2019 high against the euro zone currency on November 18 as one euro was exchanged for 117.4333 dinars.

The dinar was at its 2019 low against the euro on January 29, when one euro was exchanged for 118.4940 dinars.

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