What is the difference between Eonia and Euribor? - ProProfs Discuss
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What is the difference between Eonia and Euribor?

Asked by Vincent_staines, Last updated: Jan 07, 2022

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O.Olivia

O.Olivia

O.Olivia
O.Olivia

Answered Mar 05, 2020

Eonia and Euribor are two different interbank interest rates provided by European banks. Euribor stands for the Euro bank offered rate, and the rates borrowed depend on supply and demand, inflation, and economic growth. Euribor rates are imperative because they assist in delivering interest rates for several financial goods. Interest rate swaps, future of interest rates, and savings accounts are all part of the goods.

The banks which constitute the European panel are the banks that have the highest business capacity collected in the euro market. Eonia stands for Euro Overnight Index Average. Eonia is the average of all indiscreet lending that takes place among the interbank market. The banks which form the Eonia board have excellent credit ratings, high money market volume, and impeccable credibility with superb ethics. Eonia is calculated differently than Euribor.

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