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Definition: Euro Interbank Offer Rate - EURIBOR
EURIBOR is average rate offered to large panel of European Banks are offered to borrow money from other banks. The range of maturity period may differ from one week to one year. Currently there are eight types of equibor rates in total. These rates are considered very important in euro market.
The banks which are involved in contributing EURIBOR are supposed to meet a set of strict qualification rules. This process is done to maintain diversity as well as transparency in euro money market. This EUROBOR has been a successful indicator to the movements in European money market and thus plays a significant role in investment decisions.
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