The Serbian dinar will strengthen seven paras or 0.1 percent against the euro on Tuesday, setting the official middle exhchange rate at RSD 105.0827 per euro, the National Bank of Serbia (NBS) has said in a release.

The dinar is down against the euro 1.9 percent on a month-to-month level and 0.3 percent on an annual basis.

In 2011, the dinar hit its yearly high on May 23, when the middle exchange rate was at RSD 96.7007 per euro, 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.

Since the start of 2012, the Serbian currency was the strongest on January 11, when the middle exchange rate was RSD 103.6922 for one euro, and the weakest on January 5, when the middle exchange rate was RSD 105.8694.

On Monday, the indicative dinar-versus-dollar exchange rate stood at RSD 80.6220 per dollar, up by 1.1 percent compared to the previous day.

On a monthly basis, the dinar weakened against the dollar by 2.2 percent, whereas it dropped by 4.5 percent on an annual level, the NBS said.