SIBOR Rates (2019)

We publish the latest 2019 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.

2019 January to December SIBOR Rates

MONTH (As of)	SIBOR 1 MONTH	SIBOR 3 MONTH	SIBOR 12 MONTH
2 Dec 2019	1.746	1.769	1.965
1 Nov 2019	1.797	1.803	2.092
1 Oct 2019	1.872	1.877	2.122
2 Sep 2019	1.876	1.879	2.124
1 Aug 2019	1.882	1.886	2.126
1 Jul 2019	1.884	2.001	2.186
3 Jun 2019	1.886	2.005	2.186
2 May 2019	1.823	1.944	2.125
1 Apr 2019	1.826	1.944	2.125
1 Mar 2019	1.823	1.949	2.154
1 Feb 2019	1.771	1.891	2.124
2 Jan 2019	1.765	1.886	2.124

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.