Euribor is the acronym for Eueo Inter Bank Offered Rate, ie the interbank offer rate on the Euro. The Euribor rate is estimated every day and is based on the average interest rate of the financial transactions of the Euro that take place every day.
The Euribor does not vary based on the amount of the capital, but only and exclusively based on the duration of the loan. This rate is born on the same day that the Euro enters into circulation, therefore on January 1, 1999.
To date, it is established by the European Banking Federation, which examines the exchange rate of a group of banks that currently number over 50.
The Euribor is then released daily by Reuters. However, the data provided by the banks are on a voluntary basis and it is possible to issue the data only if at least 12 banks communicate their exchange rate.
