What is the Euribor? - Definition
Euribor is the acronym of "Europe Interbank Offered Rate", this is, European type of interbank supply. One is the type of interest applied to the operations between banks of all Europe; this means that it is the percentage that pays like rate a bank when another one leaves money him. The Euribor index calculates starting off of the prices of supply of the loans that are made the 64 main European banks to each other.
The value of the Euribor determines the variable type of interest that fixes the banks to grant a mortgage.
What is LIBOR? - Definition
LIBOR stands for London Inter-Bank Offered Rate. It is based on rates that contributor banks in London offer each other for inter-bank deposits. From a bank's perspective, deposits are simply funds that are loaned to them. So in effect, LIBOR is a rate at which a fellow London bank can borrow money from other banks. Rate calculations are complex as they incorporate variables such as time, maturity and currency rates. There are hundreds of LIBOR rates reported each month in numerous currencies. We report the 1 Year LIBOR for a one year deposit in U.S. Dollars during a given month.
Evolution LIBOR Rate 2007 (1 year)
Libor January 2007 - 5.4414%
Libor February 2007 - 5.3328%
Libor March 2007 - 5.2009%
Libor April 2007 - 5.2967%
Libor May 2007 - 5.3885%
Libor June 2007 - 5.4048%
Libor July 2007 -
Libor August 2007 -
Libor September 2007 -
Libor October 2007 -
Libor November 2007 -
Libor December 2007 -
Source: http://www.moneycafe.com/library/libor.htm
Evolution Euribor 2007 (1 year)
