Day-to-day money rates
A standardised and neutral overnight rate setting for the individual currency.
The most traded currency in the world is the USD, which is involved in well over 80 per cent of all foreign exchange trades. (Photo: John McArthur/Unsplash)
Daily quoted interest rates for different currencies
The Day-to-Day money rate is a standardised and neutral interest rate fixing for each individual currency. The rate is quoted daily at fixed times in the market for the currency in question. The reference rate with historical data can be obtained from Reuters or other information services.
The bank can also use another equivalent source to set the reference rate, as long as the source provides a published rate that is generally used in the market for the currency in question. For currencies where there is no official rate setting or well-developed market, the bank is obliged to set a reference rate itself.
We reserve the right for the interest rate calculation for the Day-to-Day money rate to be different for different products. Get in touch with an adviser at the bank if you have any questions about this.