Euribor Rates - Daily & Historical Euro Interbank Offered Rate

What is Euribor?

Euribor (Euro Interbank Offered Rate) is a daily reference rate based on the averaged interest rates at which Eurozone banks offer to lend unsecured funds to other banks in the euro wholesale money market. It's one of the most important interest rate benchmarks in the European financial system, administered by the European Money Markets Institute (EMMI).

Euribor rates are calculated for five different maturities: 1 week, 1 month, 3 months, 6 months, and 12 months. These rates serve as reference rates for a vast number of financial products and contracts across Europe, including mortgages, savings accounts, and derivatives.

How is Euribor Calculated?

Euribor is calculated using a transparent, rules-based methodology. A panel of contributing banks submits daily quotes representing the rate at which euro interbank term deposits are being offered within the EU and EFTA countries by one prime bank to another. These submissions are processed using a calculation methodology that eliminates the highest and lowest 15% of quotes before calculating a trimmed average of the remaining values.

Since 2019, Euribor has been calculated using a hybrid methodology that combines transaction-based data with expert judgment when necessary, ensuring it remains robust and representative of market conditions.

Significance in Financial Markets

Euribor plays a critical role in the European financial ecosystem, particularly for:

• Mortgages: Many variable-rate mortgages across Europe are indexed to Euribor, meaning changes in these rates directly affect monthly payments for millions of homeowners.
• Corporate Loans: Businesses often have loan agreements with interest rates tied to Euribor, impacting their borrowing costs.
• Derivatives Market: Euribor serves as the underlying reference for trillions of euros in interest rate derivatives.
• Economic Indicator: Trends in Euribor rates provide insights into market expectations about future ECB monetary policy.