The dinar will continue to strengthen against the euro by 40 paras or 0.4 percent on Wednesday, thus setting the official middle exchange rate at RSD 103.6922, the National Bank of Serbia (NBS) released.

On a month-to-month basis, the dinar will weaken against the single European currency by 0.3 percent, while on an annual level it will strengthen by 2.4 percent.

In 2011, the dinar hit its yearly high on May 23, when the middle exchange rate was RSD 96.7007, and its yearly low on January 6 with the exchange rate at RSD 106.4947.

On Tuesday, the indicative dinar-versus-dollar exchange rate stood at RSD 81.0285, as the dinar went up by 0.4 percent in comparison to Tuesday's level.

When compared to a month ago, the dinar dropped against the U.S. dollar by 4.3 percent, whereas on an annual level it strengthened by 1.2 percent, the NBS release reads.