The Serbian dinar will weaken against the euro by another 38 paras or 0.4 percent on Friday, thus setting the official middle exchange rate at RSD 104.3584, the National Bank of Serbia (NBS) released.

On a month-to-month basis, the dinar will weaken against the single European currency by 1.6 percent, while on an annual level it will strengthen by 0.9 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.

During 2011, the dinar strengthened against the euro by 0.8 percent in nominal terms. On Thursday, the indicative dinar-versus-dollar exchange rate stood at RSD 81.4092, as the dinar went up by 0.4 percent in comparison toThursday's level.

When compared to one month ago, the dinar dropped against the U.S. dollar by 4.4 percent, whereas on an annual level it slid by 1.2 percent, the NBS release reads.