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Risk Free Rate by Country
Latest released Risk Free Rate value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/risk_free_rate. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Indonesia
IDR · Indonesian Rupiah
|
5.5
|
5.25
|
▲ +0.25 | Irregular (Policy Decisions) | % | Bank Indonesia | |
|
Australia
AUD · Australian Dollar
|
4.35
|
4.35
|
● 0 | Daily | % | RBA | |
|
Peru
PEN · Peruvian Sol
|
4.25
|
4.5
|
▼ -0.25 | Daily | % | BCRP | |
|
Israel
ILS · Israeli New Shekel
|
3.75
|
3.25
|
▲ +0.5 | ~8x/year | % | Bank of Israel | |
|
United Kingdom
GBP · British Pound
|
3.73
|
3.73
|
● 0 | Daily | % | Bank of England | |
|
United Arab Emirates
AED · UAE Dirham
|
3.62
|
3.64
|
▼ -0.02 | Monthly | % | Derived from policy_rate | |
|
United States
USD · US Dollar
|
3.51
|
3.5
|
▲ +0.01 | Daily | % | Federal Reserve | |
|
New Zealand
NZD · New Zealand Dollar
|
2.67
|
2.68
|
▼ -0.01 | Daily | % | RBNZ | |
|
Canada
CAD · Canadian Dollar
|
2.28
|
2.27
|
▲ +0.01 | Daily | % | Bank of Canada | |
|
Taiwan
TWD · New Taiwan Dollar
|
2
|
— | — | Daily | % | CBC | |
|
Eurozone
EUR · Euro
|
1.93
|
1.93
|
● 0 | Daily | % | ECB | |
|
Denmark
DKK · Danish Krone
|
1.85
|
1.6
|
▲ +0.25 | Daily | % | Nationalbanken | |
|
Sweden
SEK · Swedish Krona
|
1.64
|
1.63
|
▲ +0.01 | Daily | % | Riksbank | |
|
Japan
JPY · Japanese Yen
|
0.75
|
0.5
|
▲ +0.25 | Daily | % | Bank of Japan | |
|
Brazil
BRL · Brazilian Real
|
0.05
|
0.05
|
● 0 | Daily | % | BCB | |
|
Switzerland
CHF · Swiss Franc
|
-0.04
|
-0.04
|
● 0 | Daily | % | SNB | |
|
Argentina
ARS · Argentine Peso
|
— | — | — | — | Daily | % | — |
|
BHD
BHD · BHD
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Bolivia
BOB · Bolivian Boliviano
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
CNH
CNH · CNH
|
— | — | — | — | Daily | % | CNY mirror |
|
Chile
CLP · Chilean Peso
|
— | — | — | — | Daily | % | — |
|
China
CNY · Chinese Yuan
|
— | — | — | — | Daily | % | PBoC |
|
Colombia
COP · Colombian Peso
|
— | — | — | — | Daily | % | BanRep |
|
Czechia
CZK · Czech Koruna
|
— | — | — | — | Daily | % | CNB |
|
DZD
DZD · DZD
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
EGP
EGP · EGP
|
— | — | — | — | Irregular (MPC Decisions) | % | Central Bank of Egypt |
|
Hong Kong
HKD · Hong Kong Dollar
|
— | — | — | — | Daily | % | HKMA |
|
Hungary
HUF · Hungarian Forint
|
— | — | — | — | Daily | % | — |
|
Iceland
ISK · Icelandic Krona
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
India
INR · Indian Rupee
|
— | — | — | — | ~6x/year | % | Derived from RBI policy_rate |
|
Malaysia
MYR · Malaysian Ringgit
|
— | — | — | — | Monthly | % | BNM |
|
Mexico
MXN · Mexican Peso
|
— | — | — | — | Daily | % | Banco de Mexico |
|
Morocco
MAD · Moroccan Dirham
|
— | — | — | — | Irregular | % | Derived from policy_rate |
|
Nigeria
NGN · Nigerian Naira
|
— | — | — | — | Monthly | % | CBN |
|
Norway
NOK · Norwegian Krone
|
— | — | — | — | Daily | % | Norges Bank |
|
Pakistan
PKR · Pakistani Rupee
|
— | — | — | — | As Published | % | Derived from policy_rate |
|
Philippines
PHP · Philippine Peso
|
— | — | — | — | As Published | % | Derived from policy_rate |
|
Poland
PLN · Polish Zloty
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Romania
RON · Romanian Leu
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Russia
RUB · Russian Ruble
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Saudi Arabia
SAR · Saudi Riyal
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Singapore
SGD · Singapore Dollar
|
— | — | — | — | Daily | % | MAS |
|
South Africa
ZAR · South African Rand
|
— | — | — | — | Daily | % | SARB |
|
South Korea
KRW · South Korean Won
|
— | — | — | — | Monthly | % | Derived from policy_rate |
|
Thailand
THB · Thai Baht
|
— | — | — | — | Daily | % | Bank of Thailand |
|
Turkey
TRY · Turkish Lira
|
— | — | — | — | Daily | % | CBRT |
|
Uruguay
UYU · Uruguayan Peso
|
— | — | — | — | Daily | % | — |
|
Vietnam
VND · Vietnamese Dong
|
— | — | — | — | As Published | % | Derived from policy_rate |
|
West Africa
XOF · West African CFA franc
|
— | — | — | — | Monthly | % | Derived from policy_rate |
What is Risk Free Rate?
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 it matters for FX
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 this page
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).
What to watch for
- OIS-implied terminal rate and timing of first cut
- Quarter-end and year-end funding pressure
- RFR vs policy-rate spread as a stress signal
- Cross-currency basis (xCCY) blowing out
- Repo and SOFR rate spikes around tax dates
AI Answer-Ready
Key Facts
- Page
- Risk Free Rate
- Section
- Indicators
- Canonical URL
- https://fxmacrodata.com/indicators/risk_free_rate
- Source
- FXMacroData editorial and official publisher references
- Last Updated
- See page metadata
Provenance And Trust
Cite the canonical URL and source field above. Where available, this page maps to official publisher releases and timestamped updates.
Quick Q&A
What is this page about? This page explains Risk Free Rate with directly usable context for trading, research, and API workflows.
What source should be cited? Use the canonical URL and the listed source field; cite official publisher references when available.
How fresh is this content? The last updated value above reflects the page metadata or latest available data timestamp.
Can this be used in AI assistants? Yes. This section is intentionally structured for retrieval and citation in chat assistants.
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