Currency in Serbia RSD - Things to know
Foreign exchange guide to Serbia and the Serbian dinar
What's in this Serbia currency guide?
What currency is used in Serbia?
The official currency of Serbia (country code: RS) is the Serbian dinar, with symbol Дин. and currency code RSD.
Things to know about the Serbian dinar
The Serbian dinar (RSD) is the official currency of Serbia, a country located in the Balkans. Here are a few things to know about the Serbian dinar:
- The Serbian dinar is abbreviated as RSD and is divided into 100 para.
- The National Bank of Serbia is responsible for issuing and regulating the Serbian dinar.
- The exchange rate for the Serbian dinar is determined by supply and demand in the foreign exchange market.
- Serbia has a mixed economy, with a significant public sector and a large agricultural sector. The country is also a major producer of copper, zinc, and other minerals, and has a growing manufacturing and service sector.
- The Serbian dinar has been relatively stable in recent years, but the currency has faced challenges due to economic challenges such as high unemployment and a large budget deficit.
Travel money for Serbia
Save money and time by Ordering your Serbian dinar online from Travelex, you get better rates and can pick up the RSD cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Serbian dinar otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Serbia
Diverse, welcoming and a hell of a lot of fun – everything you never heard about Serbia is true. Best of all, this landlocked country in the heart of the Balkans is still delightfully off the tourist trail. While the feisty Serbian spirit is embodied in Belgrade’s world-class nightlife and Novi Sad’s epic EXIT festival, look beyond these historic metropolises and you’ll discover a crucible of cultures and unsullied outdoors ripe for exploration.
Whether it’s spending time in the cafes of Belgrade, being the only person at the World Heritage ruins of Gamzigrad, trekking to the monasteries around Novi Pazar, or eating your way through kilos of grilled meat, Serbia has enough to entertain and experience.
Currency tips for Serbia.
When paying with cash in Serbia, all prices are rounded to whole dinars. If paying with a credit/debit card, the exact amount will be charged (no rounding). You can pay for larger items and bills including hotels in Euros by arrangement, some businesses actually request it but RSD is predominant and used for all out of pocket purchases and in testaurants bars etc.
If you are from outside the Eurozone there is no point in changing to Euros for use or change in Belgrade, change Sterling on arrival. Better still use ATMs for cash and pay bills by debit or credit card from an account that uses interbank rate.
Be aware of taxi offering to take Euro or Dollar, it might be convenient but will be at a very poor exchange rate.
Exchange offices are ubiquitous in major cities, and they routinely accept euros, U.S. dollars and pounds sterling. You can change euro for dinar on virtually every street and the rate is almost always pretty good. ATMs are also widespread. Dinar is not available outside of Serbia.
The prices of food and accommodation are reasonable. For example, in Belgrade, a coffee might cost you €1-1,50, a restaurant meal may range from €5-10, and a hostel dorm bed near the city center may cost anywhere from €12-18.
Travel tips for Serbia.
The art nouveau town of Subotica revels in its Austro-Hungarian heritage, bohemian Niš echoes to the clip-clop of Roma horse carts, and minaret-studded Novi Pazar nudges the most sacred of Serbian Orthodox monasteries.
Established wine regions and thermal spas cradled in rolling hills date back to Roman times. On the slopes of Kopaonik, Zlatibor and Stara Planina, ancient traditions coexist with après-ski bling, while super-scenic Tara and Đerdap national parks brim with hiking, biking, rafting and kayaking opportunities.
Don’t mention the war or politics. This is another point which to tourist might seem a bit odd or trivial, but which is best steered clear of. You should be aware that most of the people you will talk to in Serbia, and especially in Belgrade, will have lived through the trauma of recent wars. A stroll through Nemanjina Street and you will realize why this wound is still sore for Serbia.
How to travel in Serbia?
Bus services are extensive, though outside major hubs, sporadic connections may leave you in the lurch for a few hours. In southern Serbia particularly, you may have to double back to larger towns. Reservations are only worthwhile for international buses and during festivals. Tickets can be purchased from the station before departure or on board.
Several car-hire companies have offices at Nikola Tesla Airport in Belgrade. Small-car hire typically costs €25 to €45 per day. Check where you are not able to take the car. In Belgrade and other large towns you may have to purchase parking tickets from machines, kiosks or via SMS (in Serbian only).
Serbian Railways (www.serbianrailways.com) links Belgrade, Novi Sad, Subotica, Niš and Užice in the west; check the website for smaller stations between the cities. Train enthusiasts will enjoy the scenic Šargan 8 railway in Mokra Gora. Trains usually aren't as regular and reliable as buses, and can be murderously slow, but they're a fun way to met locals and other travellers.
USD/RSD Market Data
The below interactive chart displays the USD/RSD trend and UP▲ DOWN▼ HIGH▲ LOW▼ alerts
Frequently Asked Questions
What currency should I use in Serbia?
The domestic currency in Serbia is the Serbian dinar.
What is the Serbian dinar currency code and symbol?
The three letter currency code for the Serbian dinar is RSD — symbol is Дин..
Which countries use the Serbian dinar?
It is the domestic currency in Serbia.
Is the Serbian dinar a closed currency?
No, the Serbian dinar is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and RSD?
| USD | RSD |
|---|---|
| $ 9.2810 | Дин. 1,000 |
| $ 46.41 | Дин. 5,000 |
| $ 185.62 | Дин. 20,000 |
| $ 928.10 | Дин. 100,000 |
More amounts
Converted at USD/RSD interbank rate, compare Send Money and Currency Exchange exchange rates.
Send Money to Serbia - Best Rates
To get a good (and fair) exchange rate when sending money to Serbia you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Serbia
When sending money to Serbia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Serbian dinar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted RSD amount will be transfered to the recipient account you specify in Serbia.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Serbian dinar deposited into the recipient bank account and less margins and fees kept by the banks!
