The Serbian dinar has dropped by 0.1 percent or 13 para on Tuesday, thus hitting another all-time low against the euro, and setting the official middle exchange rate at RSD 111.96 despite a 20- million intervention by the National Bank of Serbia (NBS) on Monday.

Since the beginning of 2012, the central bank sold a total of EUR 748.5 million on the interbank foreign exchange market to ensure smooth functioning of the foreign exchange market.

This year, the dinar hit its highest level against the single European currency on January 11 with the exchange rate at RSD 103.6922.

The dinar will be 0.2 percent down on this time last month, and 11.3 percent down on the year.

On Monday, the indicative dinar-versus-dollar exchange rate was at RSD 85.8202., reflecting an increase of 0.4 percent on its previous value, the NBS announced.

The Serbian dinar weakened against the U.S. dollar by 0.4 percent when compared to the level a month ago, and by 20.5 percent if compared to a year ago.