The dinar strengthened against the euro on Wednesday by four paras, thus reaching its highest value since the beginning of 2011 and setting the official middle exchange rate at RSD 103.3529 = EUR 1, announced the National Bank of Serbia (NBS).

In 2011, the Serbian currency was the weakest on January 6, when the middle exchange rate was RSD 106.4947 per euro.

The central bank did not intervene in the interbank foreign exchange market on Tuesday, and since the beginning of the year it has bought EUR 5 million to alleviate excessive daily fluctuations in the exchange rate.