web.archive.org

NOVDECAUG
13
200620072010
2 captures
13 Dec 2007 - 20 Aug 2010
About this capture

SERIES INFORMATION


DATE12/13/2007
Content expertMarket Operations Department
Interest rates and exchange rates

Riksbank interest rates
The Riksbank's key interest rates are those the bank sets for monetary policy purposes. They are the deposit rate, the lending rate and the repo rate. The repo rate is the most important. (The marginal rate was the Riksbank's key interest rate from December 1985 to the end of May 1994). As well as the monetary policy key rates, the Riksbank also sets the reference rate (previously known as the discount rate), which is mentioned in the Interest Act, for instance.

Riksbank key interest rates
The Riksbank's key interest rates are those the bank sets for monetary policy purposes. They are the deposit rate, the lending rate and the repo rate. The most important rate is the repo rate. (The marginal rate was the Riksbank's key interest rate from December 1985 to the end of May 1994).

Deposit rate  (1994-06-01 - )
The deposit rate is the rate of interest banks receive when they deposit funds in their accounts at the Riksbank overnight and is always 0.75 percentage points lower than the repo rate. The deposit rate is the floor of what is known as the interest rate corridor and is one of the Riksbank's three key rates.
Source: The Sveriges Riksbank

Lending rate  (1994-06-01 - )
The lending rate is the rate of interest banks pay when they borrow overnight funds from the Riksbank and is always 0.75 percentage points higher than the repo rate. The lending rate is known as the ceiling of the interest rate corridor and is one of the Riksbank's three key rates.
Source: The Sveriges Riksbank

Repo rate  (1994-06-01 - )
The repo rate is the interest rate at which the banks can borrow or deposit in the Riksbank over a 7-day period. The repo rate is the Riksbank's most important key rate.
Source: The Sveriges Riksbank

Marginal rate  (1987-01-30 - 1994-05-31)
The marginal rate was the Riksbank's key rate from December 1985 until the end of May 1994. The marginal rate was the rate at which banks could marginally borrow from or deposit in the Riksbank in the interest rate ladder.
Source: The Sveriges Riksbank

Other Riksbank interest rates
As well as the monetary policy key rates, the Riksbank also sets the reference rate (previously known as the discount rate), which is mentioned in the Interest Act, for instance.

Reference rate  (2002-07-01 - )
The reference rate is set by the Riksbank half-yearly and corresponds to the Riksbank's repo rate at the end of the previous half year, rounded up if necessary to the nearest half per cent. The reference rate is used, for instance, in calculating penal in xxxxx DRÖJSMÅLSRÄNTA
Source: The Sveriges Riksbank

Discount rate  (1907-11-09 - 2002-06-28)
The discount rate was a reference rate based on market interest rates and always followed general interest rates. It was based on the average of 6-monthly and 5-yearly rates (fixing) over the past quarter with a haircut of 2.5 percentage points.
Source: The Sveriges Riksbank

Swedish Market (based) rates
A market rate is the rate that agents are prepared to pay for different types of credit. It is set according to supply and demand.

STIBOR (Stockholm interbank offered rate)
STIBOR stands for Stockholm Interbank Offered Rate, the interest rate banks pay when borrowing money from one another. STIBOR Fixing is the average (with the exception of the highest and lowest quotes) of the interest rates listed at 11:05 a.m.

STIBOR T/N  (1998-06-30 - )
STIBOR T/N (Tomorrow/Next) with a duration from tomorrow until the next day.
Source: Reuters

STIBOR 1W  (1987-09-28 - )
STIBOR maturity 1 week
Source: Reuters

STIBOR 1M  (1987-01-02 - )
STIBOR maturity 1 month
Source: Reuters

STIBOR 2M  (1994-09-06 - )
STIBOR maturity 2 month
Source: Reuters

STIBOR 3M  (1987-01-02 - )
STIBOR maturity 3 months
Source: Reuters

STIBOR 6M  (1987-01-02 - )
STIBOR maturity 6 months
Source: Reuters

STIBOR 9M  (1994-09-06 - )
STIBOR maturity 9 months
Source: Reuters

STIBOR 12M  (1994-09-06 - )
STIBOR maturity 12 months
Source: Reuters

Treasury Bills
A Treasury Bill is a short-term debt instrument issued by the Swedish National Debt Office. The duration is usually up to one year. Treasury Bills are used to finance the government's short-term borrowing requirement.

SE 1M  (1983-01-03 - )
Swedish Treasury Bill maturity 1 month
Source: Reuters

SE 3M  (1983-01-03 - )
Swedish Treasury Bill maturity 3 months
Source: Reuters

SE 6M  (1984-01-02 - )
Swedish Treasury Bill maturity 6 months
Source: Reuters

SE 12M  (1984-01-02 - )
Swedish Treasury Bill maturity 12 months
Source: Reuters

Swedish Government Bonds
Government Bonds is a term used for the bonds issued by the Swedish National Debt Office. The Debt office uses Government Bonds to finance the government's medium and long-term borrowing requirements.

SE GVB 2Y  (1987-01-07 - )
Swedish Government Bond, maturity 2 years
Source: Reuters

SE GVB 5Y  (1985-01-02 - )
Swedish Government Bond, maturity 5 years
Source: Reuters

SE GVB 7Y  (1987-01-02 - )
Swedish Government Bond, maturity 7 years
Source: Reuters

SE GVB 10Y  (1987-01-02 - )
Swedish Government Bond, maturity 10 years
Source: Reuters

Fixing rates
Fixing rates correspond to the average of the agents' selling quotes. Fixing rates are calculated daily at 11 a.m. for Treasury Bills and Government Bonds.

STFIX 3M  (1991-08-13 - )
Swedish Fixing rate maturity 3 months
Source: Reuters

STFIX 6M  (1990-07-02 - )
Swedish Fixing rate maturity 6 months
Source: Reuters

STFIX 5Y  (1990-07-02 - )
Swedish Fixing rate maturity 5 years
Source: Reuters

Mortgage Bonds
A Mortgage Bond is a promissory note issued by a mortgage institution, for instance, Spintab, SEB Bolån, Stadshypotek or NB Hypotek which are all owned by banks, or by SBAB, which is owned by the Swedish government. By issuing mortgage bonds the mortgage institutions finance their long-term home mirtgge lending.

MB 2Y  (1994-01-03 - )
Swedish Mortgage Bond, maturity 2 years
Source: Reuters

MB 5Y  (1986-06-16 - )
Swedish Mortgage Bond, maturity 5 years
Source: Reuters

Corporate certificate
Corporate certificates are instruments issued by companies and used for short-term borrowing in the money market.

CP 3M  (1989-06-01 - 2005-10-06)
Swedish Corporate certificate (CP) maturity 3 months
Source:

CP 6M  (1991-03-14 - 2005-10-03)
Swedish Corporate certificate (CP) maturity 6 months
Source:

International market rates
An international market rate is the rate agents are prepared to pay for either short-term or long-term credits and which is priced outside of the Swedish market.

Euro market rates, maturity 3 months
The euro market is a loan market without underlying collateral with fixed-term deposits, with the highest time limit being one year. The deposit market is mainly part of the interbank trading where one can follow the rates applying for some of the main currencies in the local interbank market (the bank´s internal market for trade in currencies and debt securities).

US 3M  (1979-11-28 - )
Euro market rate USA maturity, 3 months
Source: Reuters

JP 3M  (1979-11-29 - )
Euro market rate Japan, maturity 3 months
Source: Reuters

GB 3M  (1979-12-19 - )
Euro market rate United Kingdom, maturity 3 months
Source: Reuters

EU 3M  (1999-01-04 - )
Euro market rate EUR, maturity 3 months
Source: Reuters

NO 3M  (1981-11-12 - )
Euro market rate Norway, maturity 3 months
Source: Reuters

DK 3M  (1981-11-12 - )
Euro market rate Denmark, maturity 3 months
Source: Reuters

Euro market rates, maturity 6 months
The euro market is a loan market without underlying collateral with fixed-term deposits, with the highest time limit being one year. The deposit market is mainly part of the interbank trading where one can follow the rates applying for some of the main currencies in the local interbank market (the bank´s internal market for trade in currencies and debt securities).

US 6M  (1979-11-28 - )
Euro market rate USA, maturity 3 months
Source: Reuters

JP 6M  (1979-11-29 - )
Euro market rate Japan, maturity 6 months
Source: Reuters

GB 6M  (1979-11-28 - )
Euro market rate United Kingdom, maturity 6 months
Source: Reuters

EU 6M  (1999-01-04 - )
Euro market rate EUR, maturity 6 months
Source: Reuters

NO 6M  (1981-11-12 - )
Euro market rate Norway, maturity 6 months
Source: Reuters

DK 6M  (1981-11-12 - )
Euro market rate Denmark, maturity 6 months
Source: Reuters

International Government Bonds, maturity 5 years
International Government Bonds, maturity 5 years, are Government securities issued outside of Sweden.

US 5Y  (1987-02-02 - )
International Government Bond USA, maturity 5 years
Source: Reuters

JP 5Y  (1987-03-23 - )
International Government Bond Japan, maturity 5 years
Source: Reuters

DE 5Y  (1987-02-09 - )
International Government Bond Germany, maturity 5 years
Source: Reuters

NL 5Y  (1987-02-09 - )
International Government Bond Dutchland, maturity 5 years
Source: Reuters

FR 5Y  (1988-02-08 - )
International Government Bond France, maturity 5 years
Source: Reuters

GB 5Y  (1987-01-02 - )
Iternational Government Bond United Kingdom, maturity 5 years
Source: Reuters

EU 5Y  (1999-01-04 - )
International Government Bond EUR, maturity 5 years
Source: Reuters

International Government Bonds, maturity 10 years
International Government Bonds, maturity 10 years, are Government securities issued outside of Sweden.

US 10Y  (1991-01-02 - )
International Government Bond USA, maturity 10 years
Source: Reuters

JP 10Y  (1987-01-05 - )
International Government Bond Japan, maturity 10 years
Source: Reuters

DE 10Y  (1987-02-09 - )
International Government Bond Germany, maturity 10 years
Source: Reuters

NL 10Y  (1987-02-09 - )
International Government Bond Dutchland, maturity 10 years
Source: Reuters

FR 10Y  (1988-02-08 - )
International Government Bond France, maturity 10 years
Source: Reuters

GB 10Y  (1987-01-02 - )
International Government Bond United Kingdom, maturity 10 years
Source: Reuters

EU 10Y  (1999-01-04 - )
International Government Bond EUR, maturity 10 years
Source: Reuters

NO 10Y  (1990-05-31 - )
International Government Bond Norway, maturity 10 years
Source: Reuters

DK 10Y  (1982-01-04 - )
International Government Bond Denmark, maturity 10 years
Source: Reuters

FI 10Y  (1990-04-02 - )
International Government Bond Finland, maturity 10 years
Source: Reuters

Exchange rates
An exchange rate is the price of a currency expressed in units of another currency.

Monthly aggregate
Averages are calculated on published observations for the daily fixing rates. Observations are published daily at 12.05 p.m.

Annual aggregate
Averages are calculated on published observations for the daily fixing rates during the period. Observations are published daily at 12.05 p.m.

Currencies against Swedish kronor
The Swedish banks daily calculate a fixing rate at 9.30 a.m. according to the formula: (bid+asked) / 2. At 10.05 a.m. Stockholm Stock Exchange sets a joint MID-PRICE by calculating the aggregate of the banks' fixing rates. Observations are published daily at 12.05 p.m.

ATS  (1993-01-04 - 2002-02-28)
Austrian shilling
Source:

AUD  (1993-01-04 - )
Australian dollar
Source: OMX

BEF  (1993-01-04 - 2002-02-28)
Belgium franc
Source:

BRL  (2005-09-06 - )
Brazil real
Source: OMX

CAD  (1993-01-04 - )
Canadian dollar
Source: OMX

CHF  (1993-01-04 - )
Swiss francs
Source: OMX

CNY  (1994-03-01 - )
Chinese yuan renminbi
Source: OMX

CYP  (1998-01-02 - )
Cyprus pound
Source: OMX

CZK  (1998-01-01 - )
Czech koruna
Source: OMX

DEM  (1993-01-04 - 2002-02-28)
German mark
Source:

DKK  (1993-01-04 - )
Danish krone
Source: OMX

EEK  (1998-01-01 - )
Estonian kroon
Source: OMX

ESP  (1993-01-04 - 2002-02-28)
Spanish pesetas
Source:

EUR  (1993-01-04 - )
Euroland euro
Source: OMX

FIM  (1993-01-04 - 2002-02-28)
Finnish marka
Source:

FRF  (1993-01-04 - 2002-02-28)
French franc
Source:

GBP  (1993-01-04 - )
pound sterling
Source: OMX

GRD  (1993-01-04 - 2002-02-28)
Greek drachmer
Source:

HKD  (1994-03-01 - )
Hong Kong dollar
Source: OMX

HUF  (1998-01-01 - )
Hungarian forints
Source: OMX

IDR  (1998-01-01 - )
Indonesian rupiah
Source: OMX

IEP  (1993-01-04 - 2002-02-28)
Irish pund
Source:

INR  (1994-03-01 - )
Indian rupee
Source: OMX

ISK  (1993-01-04 - )
Icelandic kronor
Source: OMX

ITL  (1993-01-04 - 2002-02-28)
Italian lire
Source:

JPY  (1993-01-04 - )
Japanese yen
Source: OMX

KRW  (2005-09-09 - )
South Korean won
Source: OMX

KWD  (1994-03-01 - 2005-02-28)
Kuwaiti dinar
Source:

LTL  (1998-01-01 - )
Lithuanian litas
Source: OMX

LVL  (1998-01-01 - )
Latvian lat
Source: OMX

MAD  (1998-01-01 - )
Moroccan dirham (MAD)
Source: OMX

MXN  (1998-01-01 - )
Mexican nuevo peso
Source: OMX

MYR  (1994-03-01 - 2005-02-28)
Malaysian ringgit
Source:

NLG  (1993-01-04 - 2002-02-28)
Dutch guilder
Source:

NOK  (1993-01-04 - )
Norwegian krone
Source: OMX

NZD  (1994-03-01 - )
New Zealand dollar
Source: OMX

PLN  (1998-01-01 - )
Polish zloty (PLN)
Source: OMX

PTE  (1993-01-04 - 2002-02-28)
Portuguese escudo
Source:

RUB  (1993-01-04 - )
Russian rouble
Source: OMX

SAR  (1994-03-04 - )
Saudi Arabian riyal
Source: OMX

SGD  (1994-03-01 - )
Singapore dollar
Source: OMX

SIT  (1998-01-01 - 2006-12-29)
Slovenian tolar
Source: OMX

SKK  (2005-04-29 - )
Slovakian koruna
Source: OMX

THB  (1998-01-01 - )
Thai baht
Source: OMX

TRL  (1998-01-01 - 2004-12-30)
Turkish lira
Source:

TRY  (2005-01-03 - )
Turkish new lira
Source: OMX

USD  (1993-01-04 - )
US dollar
Source: OMX

ZAR  (1994-03-01 - )
South African rand
Source: OMX

Special Drawing Rights
SDR, Special Drawing Rights is an international reserve asset created by the International Monetary Fund, IMF, to supplement the existing official reserves of member countries.The value of the SDR is based on a basket of dollars, euro, yen and sterling.

SDR  (1993-01-04 - )
Special Drawing Rights (SEK/SDR)
Source: International Monetary Fund (IMF)

Cross rates
The Swedish banks daily calculate a fixing rate at 9.30 a.m. according to the formula: (bid+asked) / 2. At 10.05 a.m. Stockholm Stock Exchange sets a joint MID-PRICE by calculating the aggregate of the banks' fixing rates. On the basis of the MID-PRICE it is possible to calculate exchange rates against other currencies, what is known as cross rates.

Swedish TCW index
The TCW (Total Competitiveness Weights) index is a method of measuring the value of the Swedish krona against a basket of other currencies. The TCW index has 18 November 1992 as its starting date when the index equals 100. On 19 November 1992 the peg to the ecu was dropped and since then the krona has floated. It is possible to see how much the value of the krona has changed by studying this index. A high value on the index means that the krona has weakened and a low value means it has strengthened. The TCW is a geometric index and its weights are based on average aggregate flows of processed goods for 21 countries. The weights take into account exports, imports and third country effects. They are calculated by the IMF.

TCW-index  (1981-09-21 - )
Swedish TCW-index
Source: The Sveriges Riksbank

Swedish KIX index
The Swedish KIX index. The Riksbank has undertaken to publish the National Institute of Economic Research’s effective exchange rate index, KIX (Kronindex) with effect from 14 June 2007. The index will be available via the Riksbank's website, www.riksbank.se, and will be calculated daily. It is possible to see how much the value of the krona has changed by studying this index. A high value on the index means that the krona has weakened and a low value means it has strengthened. KIX is a geometric index, where the weights are based on total flows of processed goods and commodities for 32 countries. For further information and a description of the calculation of the weights, see the National Institute of Economic Research’s website, www.konj.se/kix.

Svenskt KIX-index  (1992-11-18 - )
Svenskt KIX-index
Source: National Institute of Economic Research