What does HIBOR mean in Stock Exchange?
This page is about the meanings of the acronym/abbreviation/shorthand HIBOR in the Business field in general and in the Stock Exchange terminology in particular.
Submitted by paul8539 on November 30, 2005
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Definition
What does HIBOR mean?
- HIBOR
- Hong Kong Inter-bank Offered Rate, (or HIBOR, Chinese: 香港銀行同業拆息), is the annualized rate charged for inter-bank lending on Hong Kong Dollar (HKD) denominated instruments, for a specified period ranging from overnight to one year. It is calculated daily at 11:00 a.m. local time based on quotations from 20 banks designated by the Hong Kong Association of Banks (HKAB). On 24 June 2013, an additional fixing was launched for off-shore Chinese renminbi (CNH), designated as CNH HIBOR.
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"HIBOR." Abbreviations.com. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.abbreviations.com/term/377326>.
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