The Serbian dinar is up seven para or 0.1 percent against the euro on Monday, with the official middle exchange rate at RSD 111.8382, the National Bank of Serbia (NBS) has announced.

The central bank has sold a total of EUR 728.5 million on the inter-bank foreign exchange market since the beginning of the year in order to ensure uninterrupted functioning of the foreign exchange market.

This year, the Serbian currency hit its highest level on January 11 with the exchange rate at RSD 103.6922 and its lowest on May 3 - 111.9102.

The dinar will be 0.1 percent down on this time last month, and 11.2 percent down on the year.

On Friday, the indicative dinar-versus-dollar exchange rate was at RSD 84.9447, up 0.2 percent on the day before.

The Serbian dinar strengthened against the U.S. dollar by 0.6 percent when compared to the level a month ago, but weakened 19.7 percent if compared to a year ago.