We publish the latest chart and rates for Singapore dollars SIBOR and SOR, up-to-date in 2017. Learn to compare 1-month and 3-month SIBOR and 3-month SOR. View the historical trends of SIBOR and SOR.
Effective 01 January 2014, all tenors of USD and SGD SIBOR will be discontinued and not published on Thomson Reuters. From 1 October 2015, SIBOR and SOR data will be subjected to usage fees, in line with global development on benchmark data usage. In addition, subscribers who receive real-time SIBOR and/or SOR data from a market data vendor will be required to pay end user fees. Hence we can only publish delayed monthly data.
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 he Singapore Business Times on the next working day.
SOR: It is an FX-implied rate, calculated from a formula that includes USD/SGD forward rate and USD/SGD spot rate. ANZ Singapore pegs 3-month Singapore Swap Offer Rate (SOR) to the Association of Banks in Singapore (ABS) 8pm fixing on thde last business day of the previous month.
SIBOR and SOR Rate Card
|SIBOR & SOR||Current Month 1 December 2017||Last Month as of 1 November 2017|
2017 Past Month SIBOR and SOR Rates
|MONTH (As of)||SIBOR 1 MONTH||SIBOR 3 MONTH||SIBOR 12 MONTH||SOR 3 MONTH|
|1 Nov 2017||1.008||1.125||1.250||1.058|
|2 Oct 2017||1.000||1.123||1.377||0.96|
|4 Sep 2017||1.000||1.124||1.377||0.92|
|1 Aug 2017||1.001||1.119||1,375||0.81|
|3 Jul 2017||0.813||0.996||1.375||0.746|
|1 Jun 2017||0.811||0.993||1.378||0.782|
|2 May 2017||0.810||0.998||1.381||0.776|
|1 Apr 2017||0.755||0.947||1.380||0.875|
|1 Mar 2017||0.714||0.939||1.378||0.836|
|1 Feb 2017||0.715||0.961||1.435||0.753|
|3 Jan 2017||0.723||0.968||1.437||1.011|
SOR and SIBOR Chart - From 2012 to 2017 Present
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.
SIBOR and SOR Rates from 2012-2016
Singapore Dollar SIBOR History
Singapore Dollar SOR History