What is the current HIBOR rate?

Published by Charlie Davidson on

What is the current HIBOR rate?

HIBOR

Tenor Interest rate 1
隔夜 0.05000%
一星期 0.06000%
二星期 0.06000%
一個月 0.08000%

How do you calculate HIBOR?

In calculating HIBOR, a “trimmed-mean” method is used by averaging the middle 14 of the quotations from the 20 reference banks, with the result rounded up, if necessary, to the fifth decimal place.

What is the prime rate in Hong Kong?

Actual Previous Dates
5.00 5.00 1980 – 2021

What is Libor and HIBOR?

LIBOR and HIBOR represent the interest rates that banks are willing to lend to each other in the interbank market in their respective regions. LIBOR is the benchmark interest rate in London, whereas HIBOR is the benchmark interest rate in Hong Kong.

What is HSBC Prime Rate?

2.45%
HSBC Prime Rate | HSBC’s Current Prime Rate is 2.45%.

Is HIBOR going away?

While the Hong Kong Dollar Overnight Index Average (HONIA) has been identified as an alternative to HIBOR, there is no plan to discontinue HIBOR.

What does HIBOR stand for?

Hong Kong Interbank Offered Rate
The Hong Kong Interbank Offered Rate, known by its abbreviation HIBOR, is the benchmark interest rate, stated in Hong Kong dollars, for lending between banks within the Hong Kong market. The HIBOR is a reference rate for lenders and borrowers that participate directly or indirectly in the Asian economy.

What is the best lending rate in Hong Kong?

5.000%
HSBC’s Current Hong Kong Dollar Best Lending Rate: 5.000% (for reference only)

Effective Date 01 Nov 2019
HSBC’s Hong Kong Dollar Best Lending Rate 5.000%
Effective Date 28 Sep 2018
HSBC’s Hong Kong Dollar Best Lending Rate 5.125%
Effective Date 10 Nov 2008

What is the bank prime rate today?

3.25%
What is the current prime rate? The prime rate is 3.25% as of July 2020, according to the Fed. This is the lowest rate in the past year and since 2008.

Will HIBOR be discontinued?

Is the HIBOR rate the same in Hong Kong?

This HIBOR quoted by The Hongkong and Shanghai Banking Corporation Limited is not necessarily the same as HKD Interest Settlement Rates published by The Hong Kong Association of Banks.

What is the Hong Kong Interbank Offered Rate?

Hong Kong Interbank Offered Rate (HIBOR) as at any date means the Hong Kong Interbank Offered Rate for the interest period of 1 month for Hong Kong Dollars quoted by The Hongkong and Shanghai Banking Corporation Limited at or about 11:00 a.m. (Hong Kong time) on such date. This HIBOR quoted by The Hongkong and Shanghai Banking Corporation…

What’s the interest rate for one month LIBOR?

1 Month LIBOR Rate. 0.12. 0.11. 0.99. What it means: LIBOR stands for London Interbank Offered Rate. It’s the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London.

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