The Serbian dinar dropped 0.1 percent against the euro Tuesday, setting the official middle exchange rate at RSD 111.1992, the National Bank of Serbia (NBS) has announced.

The NBS has sold EUR 368.5 million in the interbank foreign exchange market since the beginning of the year to alleviate the excessive daily volatility of the exchange rate.

The dinar hit its previous record low against the single European currency on March 22, when the official middle exchange rate was RSD 111.0888, and its yearly high on January 11 with the rate at RSD 103.6922.

Compared to a month before, the Serbian currency is down 0.9 percent, and 6.9 percent compared to a year ago, the NBS release reads.

The indicative dinar vs. dollar exchange rate was RSD 83.4453 on Monday, up 0.4 percent from the day before. The dinar weakened 1.8 percent against the U.S. dollar on a monthly and 12.4 percent on an annual level.