Risk Free Rate by Country
The risk-free rate is the overnight interbank lending rate anchoring each currency's money market — SOFR in the US, ESTR in the eurozone, SONIA in the UK, TONA in Japan, RBA cash rate in Australia, etc. These benchmarks replaced the LIBOR family and are now the foundation for floating-rate loans, swaps, and OIS pricing.
Why compare Risk Free Rate across countries?
Risk-free rates track the policy rate one-for-one in steady state, which makes them the cleanest market read on the central bank's stance. Their forward curves (OIS) embed exactly what rates the market expects over the next several years — and OIS differentials are one of the most reliable predictors of major FX pairs over a multi-month horizon.
How to read the country list
Compare across currencies in pairs. Watch the spread between the risk-free rate and the policy rate target — a persistent spread can indicate funding stress (USD repo squeezes, EUR ESTR-deposit-rate gaps).
Supported countries
Filter by country, currency, source, cadence, or unit.
| Country / Currency | Frequency | Unit | Source | History | Links |
|---|---|---|---|---|---|
|
United Arab Emirates
AED / UAE Dirham
|
Monthly | % | Derived from policy_rate | Coverage metadata updating | |
|
Australia
AUD / Australian Dollar
|
Daily | % | RBA | History from 2011-01-04 (15.5 years) | |
|
Brazil
BRL / Brazilian Real
|
Daily | % | BCB | History from 2010-01-04 (16.5 years) | |
|
Canada
CAD / Canadian Dollar
|
Daily | % | Bank of Canada | History from 2000-01-04 (26.5 years) | |
|
Switzerland
CHF / Swiss Franc
|
Daily | % | SNB | History from 2009-08-24 (16.8 years) | |
|
Denmark
DKK / Danish Krone
|
Daily | % | Nationalbanken | Coverage metadata updating | |
|
Eurozone
EUR / Euro
|
Daily | % | ECB | History from 2019-10-01 (6.7 years) | |
|
United Kingdom
GBP / British Pound
|
Daily | % | Bank of England | History from 2010-01-04 (16.5 years) | |
|
Indonesia
IDR / Indonesian Rupiah
|
Irregular (Policy Decisions) | % | Bank Indonesia | Coverage metadata updating | |
|
Israel
ILS / Israeli New Shekel
|
~8x/year | % | Bank of Israel | Coverage metadata updating | |
|
Japan
JPY / Japanese Yen
|
Daily | % | Bank of Japan | History from 2006-07-14 (19.9 years) | |
|
New Zealand
NZD / New Zealand Dollar
|
Daily | % | RBNZ | History from 2018-01-03 (8.5 years) | |
|
Peru
PEN / Peruvian Sol
|
Daily | % | BCRP | Coverage metadata updating | |
|
Poland
PLN / Polish Zloty
|
Monthly | % | Derived from policy_rate | Coverage metadata updating | |
|
Sweden
SEK / Swedish Krona
|
Daily | % | Riksbank | History from 2021-09-01 (4.8 years) | |
|
Thailand
THB / Thai Baht
|
Daily | % | Bank of Thailand | Coverage metadata updating | |
|
Taiwan
TWD / New Taiwan Dollar
|
Daily | % | CBC | Coverage metadata updating | |
|
United States
USD / US Dollar
|
Daily | % | Federal Reserve | History from 2018-04-03 (8.2 years) |