Today's LIBOR Rates
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
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March 04, 2010
According to Reuters, LIBOR rates for the US Dollar and the Yen have switched positions, with the Yen now at a lower rate. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
The LIBOR rate for the US Dollar rose while the LIBOR rate for the Yen fell, making the Yen’s rate lower than the Dollar’s for the first time since August. At press time, Three-Month Yen LIBOR was 0.25063%; Three-Month Dollar LIBOR was 0.25219%. Yen LIBOR rates are historically lower than those for the Dollar. The Reuters piece notes that the return of Yen and Dollar LIBOR rates to their traditional positions may mark a return of normalcy to money markets.