RON/RSD: what to know
The RON/RSD rate shows how much RSD you get for 1 RON. Right now, 1 RON buys 22.2932 RSD at the mid-market rate. In the other direction, 1 RSD is worth 0.0449 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while RSD responds to euro moves and Serbian central-bank policy.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The Serbian Dinar (RSD) is issued by National Bank of Serbia. “Dinar” descends from the Roman denarius — one of the oldest coin names.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.