Currency interest rates
The following base rates are used to calculate
- Overdraft interest on currency current accounts,
- Discounts on advances under an invoice finance facility.
| Currency | Code | Rate used | Central bank website |
|---|---|---|---|
| UAE dirham | AED | AE BASE RATE | www.centralbank.ae/en |
| Australian dollar | AUD | AU Target Cash Rate | www.rba.gov.au/ |
| Canadian dollar | CAD | CA Target Policy Interest Rate | www.bankofcanada.ca/ |
| Swiss franc | CHF | Swiss Franc SNB Policy Rate | www.snb.ch/en/ |
| Chinese renminbi | CNY | Chinese Renminbi Domestic Interest Rate | www.boc.cn/en/ |
| Czech koruna | CZK | CZ 2W Repo Rate | www.cnb.cz/cs/ |
| Danish krone | DKK | DK Lending Rate | www.nationalbanken.dk |
| Euro | EUR | ECB Main Refinancing Operations Rate | www.ecb.europa.eu |
| Hong Kong dollar | HKD | HK Base Rate | www.hkma.gov.hk/eng |
| Hungarian forint | HUF | HU Central Bank Base rate | www.mnb.hu/web/en |
| Israeli shekel | ILS | IL Benchmark BOI Base rate | www.boi.org.il/en |
| Indian rupee | INR | IN Policy Repo rate | www.rbi.org.in/ |
| Japanese yen | JPY | Bank of Japan Interest Rate Applicable to Complementary Current Account Facilities | www.boj.or.jp/ |
| Moroccan dirham | MAD | MA Monetary Policy Rate | www.bkam.ma/ |
| Mexican peso | MXN | MX Target Rate | www.banxico.org.mx/ |
| Norwegian krone | NOK | Norwegian Krone Policy Rate | www.norges-bank.no/en/ |
| New Zealand dollar | NZD | NZ Cash Rate | www.rbnz.govt.nz/ |
| Philippine peso | PHP | Philippine Peso Target RRP Rate | www.bsp.gov.ph/ |
| Polish zloty | PLN | PL Reference Rate | www.nbp.pl/ |
| Qatari rial | QAR | QA Lending Facility | www.qcb.gov.qa/ |
| Romanian leu | RON | RO Monetary Policy Rate | www.bnr.ro/ |
| Saudi riyal | SAR | Saudi Arabian Riyal 6 month SAIBOR | www.sama.gov.sa |
| Swedish krone | SEK | Sweden Policy Rate | www.riksbank.se/en-gb/ |
| Singapore dollar | SGD | Singapore Dollar Domestic Interest Rate | www.mas.gov.sg/ |
| Thai baht | THB | TH Policy Rate | www.bot.or.th/ |
| Turkish lira | TRY | Turkish Lira Central Bank Repo | www.tcmb.gov.tr/ |
| US dollar | USD | US Federal Funds Target Rate | https://www.federalreserve.gov/ |
| South African rand | ZAR | South African Rand Bond Repo | www.resbank.co.za/ |
Please note
- For currency overdraft where the rate is negative, we will apply 0.00%.
- For invoice finance facilities where the rate is negative, we will apply 0.00%.