The dinar weakened against the euro by 19 paras on Friday, setting the official middle exchange rate at RSD 99.2973, the National Bank of Serbia (NBS) released.

The Serbian currency strengthened for nine consecutive days, that is 17 counting the weekends and two holidays. It previously weakened on April 18 by three paras, from RSD 101.4470 to 101.4846 per euro.

The dinar reached its highest level against the euro on May 5, when the exchange rate was RSD 99.1051 per euro, and the lowest on January 6, with the exchange rate at RSD 106.4947.

Since the beginning of 2011, the central bank intervened in the interbank foreign exchange market only once by purchasing EUR 5 million in order to ease excessive daily volatility of the exchange rate.