LIBOR Current and historical LIBOR interest rates
In the table below you will find the most recent LIBOR (London InterBank Offered Rate) interest rates. Clicking on a LIBOR rate in the table will take you to a page with detailed current and historical information. You will find more information about LIBOR at the bottom of this page.
|
04-24-2024
|
04-23-2024
|
04-22-2024
|
04-19-2024
|
04-18-2024
|
|
|---|---|---|---|---|---|
| USD LIBOR 1 month |
5.43264 %
|
5.43133 %
|
5.43019 %
|
5.43138 %
|
5.42992 %
|
| USD LIBOR 3 months |
5.58606 %
|
5.58516 %
|
5.58455 %
|
5.58801 %
|
5.58617 %
|
| USD LIBOR 6 months |
5.71791 %
|
5.72596 %
|
5.72629 %
|
5.73116 %
|
5.72804 %
|
| GBP LIBOR 3 months |
-
|
-
|
-
|
-
|
-
|
Libor chart
Historical LIBOR ratesLIBOR is a registered trademark of the ICE Benchmark Administration (IBA). A Licensing Agreement with IBA is mandatory for all commercial use of the data and the registered trademarks. Neither IBA, nor the ICE LIBOR contributor banks, nor the designated distributor of ICE LIBOR from time to time, can be held liable for any irregularity or inaccuracy of ICE LIBOR. All rights reserved! Use of the data is at your own risk.
What is LIBOR?
LIBOR stands for London InterBank Offered Rate. Originally, LIBOR was an indicative average interest rate at which a selection of banks were prepared to lend one another unsecured funds on the London money market. In the past there were 150 LIBOR interest rates: 10 different currencies and 15 maturities per currency. Nowadays there are only a few LIBOR rates left that are generated in a synthetic way. Alternative benchmark interest rates have been introduced for most maturities and currencies.
The official LIBOR interest rates are announced once a day by ICE Benchmark Administration (IBA). The rates may only be published by partners of the IBA like Global-rates.com. This website shows the current LIBOR interest rates with a delay.
The creation of LIBOR
At the start of the nineteen eighties there was a growing need amongst the financial institutions in London for a benchmark for lending rates. This benchmark was particularly needed in order to calculate prices for financial products such as interest swaps and options. Under the leadership of the British Bankers' Association (BBA) a number of steps were taken from 1984 onwards which led in 1986 to the publication of the first LIBOR interest rates (bbalibor).
LIBOR currencies
Originally (in 1986) LIBOR was published for 3 currencies: the US dollar, the pound sterling and the Japanese yen. Over the years that followed the number of LIBOR currencies grew to a maximum of 16. A number of these currencies merged into the euro in 2000.
Over the years, we have published the following LIBOR rates on Global-rates.com:
- American Dollar LIBOR (still active);
- British Pound Sterling LIBOR (still active);
- Japanese Yen LIBOR (untill the end of 2022);
- Swiss Franc LIBOR (untill the end of 2021);
- European Euro LIBOR (untill the end of 2021);
- Australian dollar LIBOR (untill the end of may 2013);
- Canadian dollar LIBOR (untill the end of may 2013);
- Swedish krona LIBOR (untill the end of march 2013);
- Danish krone LIBOR (untill the end of march 2013);
- New Zealand dollar LIBOR (untill the end of februari 2013);
The end of LIBOR
LIBOR has existed for a long time. But over time, LIBOR has been burdened by scandals and crises. As a result, a lack of confidence in LIBOR rates arose which has led to the decision to phase out LIBOR. Publication of most LIBOR settings has now ended.
Alternatives for LIBOR
Because there is of course still a need for benchmark interest rates, alternatives to the LIBOR interest rates have been introduced. For example SOFR (US Dollar), TONAR (Japanese yen), SONIA (British pound sterling), SARON (Swiss franc) and ESTER (Euro).