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Calculate your position size based on risk, stop-loss, account size, and the currencies involved. A simple online calculator for quick results.Central Bank Interest Rates
Central bank interest rate (also called overnight rate) is the rate, which is used by the country's central banking institution to lend short-term money to the country's commercial banks. Interest rates also play an important role in Forex market. Because the currencies bought via a broker are not delivered to the buyer, the broker should pay interest to traders based on the difference between "short" currency interest rate and "long" currency interest rate.
In this Forex interest rates table, you can find the current interest rates of 29 sovereign countries and one monetary union. Additionally, you are able to scroll back in time and see how and when the interest rates were changed by the central banks. Alternatively, you can set the date below to get the interest rates on any day in the past:
Central bank interest rates of the following countries and unions are covered in this interest rates table: United States of America, eurozone, United Kingdom, Japan, Canada, Australia, New Zealand, Switzerland, Brazil, Czech Republic, Chile, China, Denmark, Hungary, Iceland, India, Indonesia, Israel, Malaysia, Mexico, Norway, Poland, Romania, Russia, South Africa, South Korea, Sweden, Taiwan, Thailand, and Turkey.
You can click on the country you are interested in to see the historical chart of its interest rates. You can add multiple countries to the same chart to compare their historical interest rates.
EarnForex.com is not responsible for the accuracy of the presented data. Please verify all values on a specific central bank's website.
Why interest rates are important?
Forex traders use interest rates to assess the relative strength of currencies. Changes in interest rates is the single most important fundamental indicator in currency trading. The size of the overnight swap paid by traders for holding negative interest currency pairs as well as the overnight swap received by traders for holding positive interest currency pairs is based on the central bank rates. Sophisticated traders also participate in carry trade based on the interest rate differential.
How to use central bank interest rates history?
You can see the history of the interest rates for each central bank using the date setting or the go back link. This allows you to see what was the rate for the specific currency at any point in time in recent history. Comparing the trajectory of the interest rate value to that of the currency's performance in the Forex market can help you understand their correlation.