Copenhagen interbank rate

Definition

Forex

  • The reference rate (called CIBOR) for uncollateralized lending of the Danish krone between banks in money markets. It is based on information collected from a dozen different banks (including foreign banks) and changes on a daily basis. Variations in CIBOR rates over time and the spread between the CIBOR and other foreign interbank rates may provide opportunities for realizing profits through interbank Forex market transactions.
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