EURIBOR
The EURIBOR acronym is the European Interbank Offered Rate and is overseen by the European Banking Federation in Brussels. This rate, in 15 maturities from one week to 12 months, is the gauge for term deposits in the euro zone on a daily basis excluding holidays. Currently, 42 banks comprise the Steering Committee that bids and offers for euros and the Fix time is 11:00 CET. A closer view of rates inside the euro zone will help gauge the exact rates banks pay for euros and the movement of the euro.
See in Exhibit 5.9 the historical 12-month chart of EURIBOR and further see in Exhibit 5.10 historic euro/U.S. dollar charts, and notice how EURIBOR rates normally begin to ascend in the summer and peak in the fall, and a rise in the euro/U.S. ...
Get Inside the Currency Market: Mechanics, Valuation, and Strategies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
