SIBOR Rates (2017)

We publish the 2017 chart and rates for Singapore dollars SIBOR, up-to-date from January. At the bottom of this page, you will find links to the pages for other years of SIBOR and SOR.

Definitions

SIBOR: Singapore Interbank Offered Rate (SIBOR) and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). SIBOR is quoted on 1-month and 3-month based on the 11am fixing by the ABS. It is then published in the Singapore Business Times on the next working day.

2017 January to December SIBOR Rates

MONTH (As of)	SIBOR 1 MONTH	SIBOR 3 MONTH	SIBOR 12 MONTH
1 Dec 2017	1.092	1.208	1.408
1 Nov 2017	1.008	1.125	1.377
2 Oct 2017	1.000	1.123	1.377
4 Sep 2017	1.000	1.124	1.377
1 Aug 2017	1.001	1.119	1.376
3 Jul 2017	0.813	0.996	1.375
1 Jun 2017	0.811	0.993	1.378
2 May 2017	0.810	0.998	1.381
3 Apr 2017	0.755	0.947	1.380
1 Mar 2017	0.714	0.939	1.378
1 Feb 2017	0.715	0.961	1.435
3 Jan 2017	0.723	0.968	1.437

How is SIBOR calculated?

ABS Benchmarks Administration Co Pte Ltd (ABS Co.) was setup in June 2013 to own and administer the Singapore Interbank Offered Rate (SGD SIBOR), the Singapore Dollar Swap Offer Rate (SGD SOR), and others. ABS Co. has appointed Thomson Reuters, as the Calculation Agent to calculate and determine the Benchmarks on its behalf.

SIBOR is the rate at which an individual Contributor Bank could borrow funds, were it to do so by asking for and then accepting the interbank offers in reasonable market size, just prior to 11:00 a.m. Singapore time. There are 20 Contributor Banks on the SIBOR panel. Each Contributor Bank is selected and determined by the Administrator. A minimum of 12 Contributor Banks shall submit rates for each maturity (1-month, 3-month, 6-month and 12-month).

On each Business Day, Contributor Banks will contribute rates for the Singapore Interbank Offered Rate (SGD SIBOR) for deposits, just prior to 11:00 a.m. Singapore time. Each Contributor Bank shall contribute their rates without reference to rates contributed by other Banks. The rates shall be contributed up to five decimal places. Then the Administrator shall calculate and determine the Rate using trimmed arithmetic mean of the contributed rates. The contributed rates will be ranked in order, the top and bottom quartiles will be removed, with the remaining rates averaged arithmetically. The arithmetic mean shall be published as the Rate at 11:30 a.m.