ћирилица | latinica info services | sitemap | contacts | help 
Financial Markets | EUR/RSD swaps

EUR/RSD swaps

To encourage development of the interbank swap market, the NBS organises, in accordance with its calendar of regular EUR/RSD swaps, auctions of swap sale of euros for dinars, which supply additional euro liquidity, and auctions of swap purchase of euros for dinars, which supply additional dinar liquidity.

Swap points – the difference between forward and spot EUR/RSD exchange rates – point to the interest rate spread between the two currencies in which a foreign exchange swap is contracted. Swap points are calculated as defined by the Decision on Terms and Conditions of Foreign Exchange Swap Purchase/Sale between the National Bank of Serbia and Banks.