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External Reference Rates for non-Sterling Currencies

External reference rates for currencies other than Pounds Sterling, commonly used by Barclays Corporate Banking in the UK for some Working Capital and Deposit products.

External reference rates are effective from 31 October 2016.

Currency Country External Reference Rate Day Count Used Implementation of latest rate change
AED UAE Central Bank of the U.A.E1
Repo Rate
360 01/10/18
AUD Australia Reserve Bank of Australia
Target Cash Rate
^ (opens in a new window)
360 31/10/16
BBD Barbados No Central Bank Policy Rate published2 360 31/10/16
BGN Bulgaria Bulgarian National Bank
Base Interest Rate
^ (opens in a new window)
360 31/10/16
BHD Bahrain Central Bank of Bahrain
Key Policy Rate (1 Week Deposit Rate)
^ (opens in a new window)
360 01/10/18
BSD Bahamas Central Bank of the Bahamas
Discount (Bank) Rate
^ (opens in a new window)
360 01/02/17
BWP Botswana Bank of Botswana
Bank Rate
^ (opens in a new window)
360 27/10/17
CAD Canada Bank of Canada
Policy Interest Rate
^ (opens in a new window)
360 12/07/18
CHF Switzerland Swiss National Bank
3 Month LIBOR Target (Midpoint)3
^ (opens in a new window)
360 31/10/16
CNY China The People's Bank of China1
1 Year Policy Deposit Rate
360 31/10/16
CZK Czech Republic Czech National Bank
2 Week Repo Rate
^ (opens in a new window)
360 27/09/18
DKK Denmark Danish National Bank
Lending Rate
^ (opens in a new window)
360 31/10/16
EUR Eurozone European Central Bank
Main Refinancing (MRO) Rate
^ (opens in a new window)
360 31/10/16
FJD Fiji Reserve Bank of  Fiji
Overnight Policy Rate
^ (opens in a new window)
360 31/10/16
GHS Ghana Bank of Ghana
BOG Policy Rate
^ (opens in a new window)
360 22/05/18
HKD Hong Kong Hong Kong Monetary Authority
Base Rate
^ (opens in a new window)
365 28/09/18
HRK Croatia Croatian National Bank
Overnight Deposit
^ (opens in a new window)
360 31/10/16
HUF Hungary Hungarian Central Bank
Base Rate
^ (opens in a new window)
360 31/10/16
ILS Israel Bank of Israel
Interest Rate
^ (opens in a new window)
365 31/10/16
INR India Reserve Bank of India
Policy Reverse Repo Rate
^ (opens in a new window)
360 02/08/18
ISK Iceland Central Bank of Iceland
Key Interest Rate - 7 Day Collaterised Lending Rate
^ (opens in a new window)
360 06/10/17
JMD Jamaica Bank of Jamaica
Policy Rate
^ (opens in a new window)
360 02/07/18
JOD Jordan Central Bank of Jordan
Interest Rate on Repurchase Agreements
^ (opens in a new window)
360 03/10/18
JPY Japan Bank of Japan
Complementary Deposit Facility Rate
^ (opens in a new window)
360 31/10/16
KES Kenya Central Bank of Kenya
Central Bank Rate
^ (opens in a new window)
365 02/08/18
KWD Kuwait Central Bank of Kuwait
Overnight Repo Rate
^ (opens in a new window)
365 01/10/18
KYD Cayman Islands No Central Bank Policy Rate published2 360 31/10/16
LKR Sri Lanka Central Bank of Sri Lanka
Standing Deposit Facility Rate (SDFR)
^ (opens in a new window)
360 30/03/17
LSL Lesotho No Central Bank Policy Rate published2 365 31/10/16
MUR Mauritius Bank of Mauritius
Repo Rate
^ (opens in a new window)
365 08/09/17
MWK Malawi Reserve Bank of Malawi
Bank Rate
^ (opens in a new window)
360 22/12/17
MXN Mexico Bank of Mexico
Overnight Target Rate
^ (opens in a new window)
360 25/06/18
NGN Nigeria Central Bank of Nigeria
Monetary Policy Rate (MPR)
^ (opens in a new window)
360 31/10/16
NOK Norway Norges Bank
Key Policy Rate
^ (opens in a new window)
360 21/09/18
NZD New Zealand Reserve Bank of New Zealand
Official Cash Rate
^ (opens in a new window)
360 11/11/16
OMR Oman Central Bank of Oman
Repo Rate1, 4
360 02/10/18
PHP Philippines Central Bank of the Philippines
Overnight RRP Rate
^ (opens in a new window)
360 28/09/18
PKR Pakistan State Bank of Pakistan 
SBP Policy (Target) Rate
^ (opens in a new window)
360 02/10/18
PLN Poland National Bank Poland
Reference Rate (Minimum Money Market Intervention Rate)
^ (opens in a new window)
365 31/10/16
QAR Qatar Qatar Central Bank
QMR Overnight Deposit Rate
^ (opens in a new window)
360 01/10/18
RON Romania National Bank of Romania
Policy Rate
^ (opens in a new window)
360 09/05/18
RSD Serbia National Bank Serbia
Key Policy Rate
^ (opens in a new window)
360 17/04/18
RUB Russia Bank of Russia
Overnight Credit Rate
^ (opens in a new window)
360 17/09/18
SAR Saudi Arabia Saudi Arabian Monetary Agency
Official Repo Rate
^ (opens in a new window)
360 01/10/18
SEK Sweden Swedish Riksbank
Repo Rate
^ (opens in a new window)
360 31/10/16
SGD Singapore Monetary Authority of Singapore
Standing Facility Borrowing Rate4
^ (opens in a new window)
365 02/10/18
THB Thailand Bank of Thailand
Policy Interest Rate The 1-Day Repurchase Rate
^ (opens in a new window)
365 31/10/16
TND Tunisia Central Bank of Tunisia
Key Rate
^ (opens in a new window)
360 22/06/18
TRY Turkey Central Bank of the Republic of Turkey
1 Week Repo Rate
^ (opens in a new window)
360 14/09/18
TTD Trinidad & Tobago Central Bank of Trinidad and Tobago
Repo Rate
^ (opens in a new window)
360 04/07/18
UGX Uganda Bank of Uganda
Central Bank Rate (CBR)
^ (opens in a new window)
360 08/10/18
USD USA Federal Reserve Bank of New York
Federal Funds Target Rate (Upper Bound)
^ (opens in a new window)
360 27/09/18
XCD East Caribbean East Caribbean Central Bank
Discount Rate
^ (opens in a new window)
360 31/10/16
ZAR South Africa South African Reserve Bank
Repo Rate
^ (opens in a new window)
365 04/04/18
ZMW Zambia Bank of Zambia
Policy Rate
^ (opens in a new window)
360 05/03/18

^Links will take you to a non-Barclays site. Please note that Barclays is not responsible for the accuracy or content of this website, and is not recommending it or giving any assurances as to its standing. Barclays does not accept any liability for any loss or damage suffered as a result of its use.

1 - External reference rate not available on Central Bank website at present - please contact Central Bank directly should you wish to verify their current rate.

2 - A Central Bank rate is not published for this currency. We will apply a reference rate of zero.

3 - We will apply as the reference rate the midpoint of the LIBOR spread published by the Swiss National Bank.

4 - We will apply as the reference rate the rate published on the first business day of each month with the rate updated monthly.

Notes

The information on this website does not apply to any committed term loan products, products with a fixed interest rate or any products which are charged on the basis of a published screen rate, such as LIBOR. Please consult your product documentation or contact your relationship point or branch if you would like any more details regarding the basis of your rate.

Following a change to the reference rate for US Dollar and Euro the bank will update the rate on the same business day as the effective date of the rate change.

If the rate change is announced and is effective after normal business hours in London, or if the effective date of the rate change is not a business day in London, then the reference rate will be updated on the next business day. The bank will update the reference rate for currencies other than US Dollar and Euro following a change to that reference rate promptly and in any event within 5 business days of the effective date of the change.

We reserve the right to replace any of these reference rates from time to time.

Not all products are available in all currencies. If you would like details about the rates for any products or currencies, please contact your relationship point or branch.

Negative reference rates on working capital products: If any external reference rate is less than zero then, for the purposes of calculating debit interest or excess interest (as applicable) for your working capital product, that rate will be deemed to be zero. For example, your overdraft might be charged at 3% over an external reference rate. If the external reference rate is -0.25%, you would be charged 3%.