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What is the current JIBAR rate?

Updated: 9/14/2023
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15y ago

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http://ws9.standardbank.co.za/marketrates/jibar.jsp

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15y ago
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Q: What is the current JIBAR rate?
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SA Jibar rate for last 12 months?

would it have been an advantage to link my home loan to the JIBAR instead of the Prime rate on 9 February 2009?


Is the 3 month jibar rate already compounded quarterly ie NACQ?

The 3 month Jibar is derived from 3-month NCD rates. Likewise the 1-month Jibar is derived from 1-month NCDs. The Jibar rates are all quoted as nominal annual rates, which means that the interest you will receive on a 3-month investment at Jibar will be calculated as (3M Jibar/4) x (amount invested). Now if you are able to invest money for 3 months at the 3-month Jibar, you can obviously re-invest it after 3 months at the new 3-month Jibar. If the new 3M rate remains exactly the same then obviously it becomes your NACQ. The point is that it may not be the same as 3 months ago. Thus the 1-month Jibar can be seen as a NACM and the 6-month Jibar as a NACSA. A vanilla bond coupon rate is an even better example of a NACSA because it never changes. Now here is a challenge. If the 6-m Jibar is regarded as a NACSA what is the 9-month Jibar then? The short answer is that money market rates are never quoted as compounded rates - they are nominal annual rates. It depends on how the investment (or loan) is treated that determines whether they become NA compounded rates. If you invest in a 9-m NCD at 10% p.a. and re-invest the total maturity value after 9 months for another 9 months at 10% p.a., your effective interest interest rate earned for the first 12 months will be slightly more than 10%.


If bank ABC wants to give you a fixed rate of 9.44 on a 15 months loan how do you valuate your cost whether its cheaper or not do you compare it with JIBAR rate?

JIBAR rates are used in south Africa. The most efficient way is to compare fixed rate list of all local financial institutes and research rather there is better.


Where is the JIBAR Rate history?

I ask myself the same question....should be easier to get than it is. Try the following: http://www.safex.co.za/pub/mtmdata/ You may have to beat the data into shape to use it.


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