How to Read a LIBOR Index

How to Read a LIBOR Index
The LIBOR index is used to decide loan or mortgage rates.

Reading the LIBOR Index

Open your Internet browser and navigate to liborated.com.

Find the appropriate time frame from the box holding the LIBOR rates (it appears to the left of the window screen); "1 M" for a one-month rate, "2 M" for a two-month rate and so on.

Use the figure given next to the time scale as a percentage; for example, if the figure next to "2 M" given is 0.28906, the approximate inter-bank interest rate for a loan over two months would be 0.28906 percent. This would normally round up to 0.29 percent.