The Serbian dinar strengthened against the euro by RSD 0.44 or 0.4 percent on Monday to the official middle exchange rate RSD 103.4471 for one euro, the National Bank of Serbia (NBS) stated in a release.

During the weekend, the valid exchange rate was the one from Friday, RSD 103.8827 per euro.

On a monthly basis, the dinar dropped against the euro by 1.5 percent, while recording a 3.7 percent annual growth.

This year, the dinar was the strongest on May 23, when the middle exchange rate was at RSD 96.7007 per euro, and the weakest on January 6, when one euro was worth RSD 106.4947.

On Friday, the indicative dinar-versus-dollar exchange rate stood at RSD 76.7469, as the dinar went up by 0.5 percent compared to the previous day.

In comparison to its value a month ago, the dinar dropped against the U.S. dollar by 3.9 percent, while on an annual level it strengthened by 5.6 percent, the NBS release reads.