Euro to Serbian Dinar Exchange Rate History: 2006–2026
This page provides historical exchange rates for the Serbian dinar (RSD) against the euro (EUR) and for the euro against the Serbian dinar in Germany. It includes historical exchange rate charts, yearly trends, average rates, and historical highs and lows. You can see how the RSD/EUR and EUR/RSD exchange rates have changed over different periods and compare historical exchange rates by year.
Historical EUR/RSD Exchange Rates by Year, 2006–2026
Table 1 shows the historical development of the euro exchange rate against the Serbian dinar from 2006 to 2026. For every year, the annual average exchange rate is shown based on official Deutsche Bundesbank data 1. The table also includes the change from the previous year and the change compared with the first year of the period under review. The annual average exchange rate helps illustrate the broader trend of the EUR/RSD currency pair without placing too much emphasis on short-term fluctuations on specific dates. Because the data for 2026 is preliminary and updated daily, only completed years from 2006 through 2025 are included in the statistical indicators used to assess long-term exchange rate trends.
In 2025, the average euro exchange rate against the Serbian dinar was 117.20 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with 2006, the Serbian dinar depreciated by 28.2 % against the euro, corresponding to an average annual decline of about 1.73 % (CAGR). Over the same period, the euro exchange rate rose by 39.3 % against the Serbian dinar 2. The average EUR/RSD exchange rate over the entire period was 109.70 RSD per 1 EUR (while the average RSD/EUR exchange rate was 0.009 EUR per RSD), so the latest annual average euro exchange rate is 6.8 % above the long-term average.
During the period under review, the highest annual average RSD/EUR rate was 0.012 EUR per 1 RSD (equivalent to 80.01 RSD per 1 EUR) in 2007, while the lowest was 0.008 EUR per 1 RSD (equivalent to 123.15 RSD per 1 EUR) in 2016. Overall, the long-term trend indicates that the Serbian dinar has weakened against the euro.
Table 1: Annual changes 3 in the euro exchange rate against the Serbian dinar
| Year | Exchange rate 1 EUR = ... RSD | Change from previous year | Change since 2006 | Exchange rate 1 RSD = ... EUR | Trend EUR | Trend RSD |
|---|---|---|---|---|---|---|
| 2006 | 84.13 | — iIn 2006, the average euro exchange rate against the Serbian dinar was 84.13 RSD per 1 EUR, or 0.012 EUR per 1 RSD. As this is the first year in the period under review, no year-on-year change is available. There is also no change compared with the base year 2006, as the exchange rate of 1 EUR = 84.13 RSD is used as the starting point for comparison. | 0.0 % | 0.012 | ⚖ | ⚖ |
| 2007 | 80.01 | -4.9 % iIn 2007, the average EUR/RSD exchange rate was 80.01 RSD per 1 EUR, or 0.012 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 4.9 % against the Serbian dinar, while RSD appreciated by 5.2 % against the euro 2. | -4.9 % | 0.012 | ▼ | ▲ |
| 2008 | 81.71 | +2.1 % iIn 2008, the average EUR/RSD exchange rate was 81.71 RSD per 1 EUR, or 0.012 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 2.1 % against the Serbian dinar, while RSD depreciated by 2.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar decreased by 2.9 %, while the value of the Serbian dinar against the euro increased by 3.0 %. | -2.9 % | 0.012 | ▲ | ▼ |
| 2009 | 94.05 | +15.1 % iIn 2009, the average EUR/RSD exchange rate was 94.05 RSD per 1 EUR, or 0.011 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 15.1 % against the Serbian dinar, while RSD depreciated by 13.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 11.8 %, while the value of the Serbian dinar against the euro decreased by 10.5 %. | +11.8 % | 0.011 | ▲ | ▼ |
| 2010 | 103.05 | +9.6 % iIn 2010, the average EUR/RSD exchange rate was 103.05 RSD per 1 EUR, or 0.010 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 9.6 % against the Serbian dinar, while RSD depreciated by 8.7 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 22.5 %, while the value of the Serbian dinar against the euro decreased by 18.4 %. | +22.5 % | 0.010 | ▲ | ▼ |
| 2011 | 101.93 | -1.1 % iIn 2011, the average EUR/RSD exchange rate was 101.93 RSD per 1 EUR, or 0.010 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 1.1 % against the Serbian dinar, while RSD appreciated by 1.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 21.1 %, while the value of the Serbian dinar against the euro decreased by 17.5 %. | +21.1 % | 0.010 | ▼ | ▲ |
| 2012 | 113.18 | +11.0 % iIn 2012, the average EUR/RSD exchange rate was 113.18 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 11.0 % against the Serbian dinar, while RSD depreciated by 9.9 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 34.5 %, while the value of the Serbian dinar against the euro decreased by 25.7 %. | +34.5 % | 0.009 | ▲ | ▼ |
| 2013 | 113.10 | -0.1 % iIn 2013, the average EUR/RSD exchange rate was 113.10 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.1 % against the Serbian dinar, while RSD appreciated by 0.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 34.4 %, while the value of the Serbian dinar against the euro decreased by 25.6 %. | +34.4 % | 0.009 | ▼ | ▲ |
| 2014 | 117.39 | +3.8 % iIn 2014, the average EUR/RSD exchange rate was 117.39 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 3.8 % against the Serbian dinar, while RSD depreciated by 3.7 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.5 %, while the value of the Serbian dinar against the euro decreased by 28.3 %. | +39.5 % | 0.009 | ▲ | ▼ |
| 2015 | 120.74 | +2.9 % iIn 2015, the average EUR/RSD exchange rate was 120.74 RSD per 1 EUR, or 0.008 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 2.9 % against the Serbian dinar, while RSD depreciated by 2.8 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 43.5 %, while the value of the Serbian dinar against the euro decreased by 30.3 %. | +43.5 % | 0.008 | ▲ | ▼ |
| 2016 | 123.15 | +2.0 % iIn 2016, the average EUR/RSD exchange rate was 123.15 RSD per 1 EUR, or 0.008 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 2.0 % against the Serbian dinar, while RSD depreciated by 2.0 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 46.4 %, while the value of the Serbian dinar against the euro decreased by 31.7 %. | +46.4 % | 0.008 | ▲ | ▼ |
| 2017 | 121.31 | -1.5 % iIn 2017, the average EUR/RSD exchange rate was 121.31 RSD per 1 EUR, or 0.008 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 1.5 % against the Serbian dinar, while RSD appreciated by 1.5 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 44.2 %, while the value of the Serbian dinar against the euro decreased by 30.6 %. | +44.2 % | 0.008 | ▼ | ▲ |
| 2018 | 118.26 | -2.5 % iIn 2018, the average EUR/RSD exchange rate was 118.26 RSD per 1 EUR, or 0.008 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 2.5 % against the Serbian dinar, while RSD appreciated by 2.6 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 40.6 %, while the value of the Serbian dinar against the euro decreased by 28.9 %. | +40.6 % | 0.008 | ▼ | ▲ |
| 2019 | 117.85 | -0.3 % iIn 2019, the average EUR/RSD exchange rate was 117.85 RSD per 1 EUR, or 0.008 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.3 % against the Serbian dinar, while RSD appreciated by 0.3 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 40.1 %, while the value of the Serbian dinar against the euro decreased by 28.6 %. | +40.1 % | 0.008 | ▼ | ▲ |
| 2020 | 117.58 | -0.2 % iIn 2020, the average EUR/RSD exchange rate was 117.58 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.2 % against the Serbian dinar, while RSD appreciated by 0.2 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.8 %, while the value of the Serbian dinar against the euro decreased by 28.4 %. | +39.8 % | 0.009 | ▼ | ▲ |
| 2021 | 117.57 | 0.0 % iIn 2021, the average EUR/RSD exchange rate was 117.57 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.0 % against the Serbian dinar, while RSD appreciated by 0.0 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.7 %, while the value of the Serbian dinar against the euro decreased by 28.4 %. | +39.7 % | 0.009 | ▼ | ▲ |
| 2022 | 117.47 | -0.1 % iIn 2022, the average EUR/RSD exchange rate was 117.47 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.1 % against the Serbian dinar, while RSD appreciated by 0.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.6 %, while the value of the Serbian dinar against the euro decreased by 28.4 %. | +39.6 % | 0.009 | ▼ | ▲ |
| 2023 | 117.25 | -0.2 % iIn 2023, the average EUR/RSD exchange rate was 117.25 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.2 % against the Serbian dinar, while RSD appreciated by 0.2 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.4 %, while the value of the Serbian dinar against the euro decreased by 28.2 %. | +39.4 % | 0.009 | ▼ | ▲ |
| 2024 | 117.08 | -0.1 % iIn 2024, the average EUR/RSD exchange rate was 117.08 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro depreciated by 0.1 % against the Serbian dinar, while RSD appreciated by 0.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.2 %, while the value of the Serbian dinar against the euro decreased by 28.1 %. | +39.2 % | 0.009 | ▼ | ▲ |
| 2025 | 117.20 | +0.1 % iIn 2025, the average EUR/RSD exchange rate was 117.20 RSD per 1 EUR, or 0.009 EUR per 1 RSD. Compared with the previous year, the euro appreciated by 0.1 % against the Serbian dinar, while RSD depreciated by 0.1 % against the euro 2. Compared with 2006, the value of the euro against the Serbian dinar increased by 39.3 %, while the value of the Serbian dinar against the euro decreased by 28.2 %. | +39.3 % | 0.009 | ▲ | ▼ |
| 2026 | 116.64 | -0.5 % iThe average exchange rate for 2026 is based on data available since the beginning of the year and is therefore preliminary. It may change as new daily exchange rates for the Serbian dinar are published and is not directly comparable with the final annual average exchange rates of previous years. | +38.6 % | 0.009 | ⚖ | ⚖ |
Euro to Serbian Dinar Exchange Rate Trends by Year
The following chart shows the yearly development of the euro exchange rate against the Serbian dinar (1 EUR = ... RSD). When the bars show an upward trend and are displayed in green, this indicates that the euro is strengthening while the Serbian dinar is weakening against the euro. When the bars show a downward trend and are displayed in red, the Serbian dinar is strengthening against the euro while the euro is weakening.
Chart 1. Yearly changes in the euro exchange rate against the Serbian dinar
Serbian Dinar to Euro Exchange Rate Trends by Year
The following chart shows the yearly development of the Serbian dinar exchange rate against the euro (1 RSD = ... EUR). When the bars show an upward trend and are displayed in green, this indicates that the Serbian dinar is strengthening while the euro is weakening. When the bars show a downward trend and are displayed in red, this indicates that the Serbian dinar is weakening while the euro is strengthening.
Chart 2. Yearly changes in the Serbian dinar exchange rate against the euro
Historical Exchange Rate Analysis: Euro to Serbian Dinar and Serbian Dinar to Euro
This section provides the main statistical indicators for the annual average exchange rate of the euro against the Serbian dinar and the Serbian dinar against the euro from 2006 to 2025 (direct quotation and inverse quotation). The statistics provide a quick overview of the long-term exchange rate trend, trend strength, historical range and the position of the latest annual average rate relative to previous values. The “latest annual average exchange rate” refers to the average exchange rate for the most recent completed year in the period under review, which is 2025.
- Euro to Serbian dinar
- Serbian dinar to euro
Key statistics for the euro exchange rate against the Serbian dinar
Key indicators | |
| Average exchange rate for the entire period | 1 EUR = 109.70 RSD |
|---|---|
| Latest annual average exchange rate (2025) | 1 EUR = 117.20 RSD |
| Deviation of the latest annual average from the long-term average | 6.8 % |
| Exchange rate change since 2006 | 39.3 % |
| Compound annual rate of change (CAGR) | 1.76 % |
| Change factor since 2006 | 1.4 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 EUR = 80.01 RSD in 2007 |
| Highest annual average exchange rate | 1 EUR = 123.15 RSD in 2016 |
| Percentage range between the historical low and high | 53.9 % |
| How far the latest annual average is below the historical high | 4.8 % |
| How far the latest annual average is above the historical low | 46.5 % |
Trend and annual changes | |
| Number of years in which the euro exchange rate increased | 8 |
| Number of years in which the euro exchange rate decreased | 11 |
| Number of years with no change | 0 |
| Largest annual appreciation of the euro | 15.1 % in 2009 |
| Largest annual depreciation of the euro | -4.9 % in 2007 |
| Most recent of the longest streaks of increases | 3 years from 2013 to 2016 |
| Most recent of the longest streaks of decreases | 8 years from 2016 to 2024 |
| Average absolute annual change | 3.0 % |
From 2006 to 2025, the average annual euro exchange rate against the Serbian dinar changed from 84.13 RSD per EUR to 117.20 RSD per EUR. Over the entire period, the EUR/RSD exchange rate increased by 39.3 %, corresponding to a change by a factor of 1.4. The compound annual rate of change (CAGR) was 1.76 %. The average exchange rate for the entire period was 109.70 RSD per EUR. The latest annual average rate is 6.8 % above the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 80.01 RSD per EUR in 2007, while the highest was 123.15 RSD per EUR in 2016. The range between the minimum and maximum reached 53.9 %. The latest annual average rate is 4.8 % below the historical maximum. The average absolute year-on-year change was 3.0 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 3 years (2013–2016). The most recent of the longest streaks of consecutive decreases lasted 8 years. Over the period under review, years with a falling EUR/RSD exchange rate were more frequent.
Key statistics for the Serbian dinar exchange rate against the euro
Key indicators | |
| Average exchange rate for the entire period | 1 RSD = 0.009 EUR |
|---|---|
| Latest annual average exchange rate (2025) | 1 RSD = 0.009 EUR |
| Deviation of the latest annual average from the long-term average | -8.1 % |
| Exchange rate change since 2006 | -28.2 % |
| Compound annual rate of change (CAGR) | -1.73 % |
| Change factor since 2006 | 1.4 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 RSD = 0.008 EUR in 2016 |
| Highest annual average exchange rate | 1 RSD = 0.012 EUR in 2007 |
| Percentage range between the historical low and high | 35.0 % |
| How far the latest annual average is below the historical high | 31.7 % |
| How far the latest annual average is above the historical low | 5.1 % |
Trend and annual changes | |
| Number of years in which the Serbian dinar exchange rate increased | 11 |
| Number of years in which the Serbian dinar exchange rate decreased | 8 |
| Number of years with no change | 0 |
| Largest annual appreciation of the Serbian dinar | 5.2 % in 2007 |
| Largest annual depreciation of the Serbian dinar | -13.1 % in 2009 |
| Most recent of the longest streaks of increases | 8 years from 2016 to 2024 |
| Most recent of the longest streaks of decreases | 3 years from 2013 to 2016 |
| Average absolute annual change | 2.8 % |
From 2006 to 2025, the average annual exchange rate of the Serbian dinar against the euro changed from 0.012 to 0.009 EUR per RSD. Over the entire period, the RSD/EUR exchange rate decreased by 28.2 %, corresponding to a change by a factor of 1.4. The compound annual rate of change (CAGR) over the period was -1.73 %. The average exchange rate for the entire period was 0.009 EUR per RSD. The latest annual average rate is 8.1 % below the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 0.008 EUR per RSD in 2016, while the highest was 0.012 EUR per RSD in 2007. The range between the minimum and maximum reached 35.0 %. The latest annual average rate is 31.7 % below the historical maximum. The average absolute year-on-year change was 2.8 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 8 years (2016–2024). The most recent of the longest streaks of consecutive decreases lasted 3 years. Over the period under review, years with a rising RSD/EUR exchange rate were more frequent.
Notes on the exchange rate data
- The historical annual average euro exchange rates against the Serbian dinar are based on data from the Deutsche Bundesbank. The average Serbian dinar exchange rate for 2026 is calculated using mid-market rates available from German banks since the beginning of the year. For more information, see the page “The current Serbian dinar to euro exchange rate”.
- The percentage change differs between the direct and inverse exchange rate quotations, even though both describe the same currency pair. For example, if the exchange rate changes from 1 EUR = 80.01 RSD to 1 EUR = 123.15 RSD, the percentage change is 53.9 %. In the inverse quotation, however, the rate changes from 1 RSD = 0.012 EUR to 1 RSD = 0.008 EUR, which corresponds to a change of 35.0 %, not 53.9 %. This is because percentage change is always calculated relative to the starting value, and the starting values are different for the direct and inverse exchange rate quotations.
- The exchange rates shown in the table are rounded to two or three decimal places, while all statistical indicators are calculated from the underlying data to four decimal places. As a result, manual calculations based on the displayed values may produce small differences due to rounding.
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