posted on 06-06-2019

Johannesburg Interbank Agreed Rate (JIBAR)

Updated October 1, 2019

What is the Johannesburg Interbank Agreed Rate (JIBAR)?

JIBAR is a market indicator and a benchmark for various interest rates in South Africa.

How Does the Johannesburg Interbank Agreed Rate (JIBAR) Work?

JIBAR calculates the average one-month, three-month, six-month, and 12-month rates. It is published daily. The rate helps determine the rates at which banks lend money to each other.

Why Does the Johannesburg Interbank Agreed Rate (JIBAR) Matter?

The Johannesburg Interbank Agreed Rate (JIBAR) is a short-term money market rate offered by local and foreign banks in South Africa. It is somewhat similar in concept to the London Interbank Offered Rate (LIBOR) that originates in the United Kingdom.


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Related Definitions

Johannesburg Interbank Agreed Rate (JIBAR)
JIBAR is a market indicator and a benchmark for various interest rates in South Africa. See More
Benchmark
A benchmark is a feasible alternative to a portfolio against which performance is measured. See More
Johannesburg Interbank Agreed Rate (JIBAR)
JIBAR is a market indicator and a benchmark for various interest rates in South Africa. See More
Money
Money is a medium of exchange for goods or services within an economy. See More
Money
Money is a medium of exchange for goods or services within an economy. See More
Market
A market is a location where buyers and sellers meet to exchange goods and services at prices determined by the forces of supply and demand. See More
London Interbank Offered Rate (LIBOR)
The London Interbank Offered Rate (LIBOR) is the base lending rate banks charge each other in the London wholesale money market. See More

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