Bank-to-bank dollar funding costs are reaching new lows, creating optimism that the two-year recession is slowing.
Borrowing rates have decreased to hit all-time lows after the effects of the highs set forth by recent market catastrophe. The bank-to-bank dollar funding costs are easing with the three-month rate setting a new record low, building up optimism the recession is over.
The three-month London interbank offered rate is fixed at 0.61438%, which is the new lifetime low. Also, three-month sterling Libor rates marked a historic low at 1.251% being complemented by diminishing euro rates. The new low rates set have helped reduce risk in the equation and given more confidence for those looking to the future.
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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
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Leaders at the G8 summit over the weekend indicated their desire for Greece to remain in the Euro...
Currency Rates
| US Dollars | 1.5800 |
| Euros | 1.2369 |
| Swiss Francs | 1.4858 |
| Australian Dollars | 1.6019 |
| South African Rand | 13.067 |
| GBP indicative mid-market rate at 19:05. Please call for quote. | |
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