EuriborCurrent Euribor rate: which number should you copy?
“Current Euribor rate” usually means one of three figures, all of them 12-month Euribor:
- the last daily rate;
- the average of this month so far;
- the last completed monthly average.
They sit next to each other on the home page. They answer different questions.
If you want to know the rate today
Copy the last daily 12-month rate and write the date next to it. That is the figure people mean by “Euribor today”.
It is published on European working days around 11:00 Central European Time. Before that time, or on a weekend, you are looking at the previous working day. See Euribor today.
If you want to know how this month is going
Copy the month-to-date average. It is the mean of this month’s published days so far. It will still change if more working days are left in the month.
If you have a mortgage review letter
Copy the monthly average for the month named in the letter or in the contract. That is usually the last closed month, or a specific past month, not this morning’s daily rate.
The finished months are listed in Euribor history.
How the interest rate is built
On a typical variable euro mortgage:
Interest rate = 12-month Euribor + differential.
The differential is the bank’s margin. If the contract says Euribor + 0.80%, you add 0.80 percentage points to the Euribor figure the contract names. You do not add it twice, and you do not hide fees inside that box.
Example (approximate)
Not a real loan. €150,000 outstanding, 25 years left, differential 0.90%.
| Euribor figure used | All-in rate | Approx. payment |
|---|---|---|
| 2.20% monthly average | 3.10% | €719 |
| 3.10% monthly average | 4.00% | €792 |
About €73 a month on this example. Use loan impact with your own principal and remaining term. To compare daily, month-to-date and last closed month at once, use daily vs average.
If your loan is not in euro
A US 30-year mortgage quote is not Euribor. Dollar floating loans often refer to SOFR. See Euribor versus SOFR. If an old document says “euro LIBOR”, that panel was retired. The living euro term rate on this site is 12-month Euribor. See Euro LIBOR and Euribor.
Why three figures exist
Euribor is published every working day. A month has about 20 published days, not 30. Someone who only wants the news looks at the last day. Someone who has a review in October looks at the average of the month the contract names, which may already be closed.
Websites show all three because search boxes use the same words for different jobs. “Current rate” is a vague phrase. Your contract is not vague. Match the website to the contract, not the other way around.
If two websites disagree by a little
A difference of 0.001 or 0.002 percentage points is often a rounding or a delay of a few hours. Check the date on both pages. If the dates match and the tenor is 12-month, you can ignore a tiny gap.
A difference of 0.10 or more usually means one page is on another tenor, or one is a daily rate and the other is a monthly average, or one is still on yesterday. Do not average the two sites. Pick the figure the contract named.
When the figure is published
The daily 12-month rate is released on TARGET working days, around 11:00 in Brussels. If you check from the United States before that time, you will often see the previous working day. That is not an error. More detail is on when Euribor is published.
A short walk-through
Suppose the letter says “12-month Euribor, monthly average of August 2026”. You do not need the daily rate from early September. You open the history table, find August 2026, and copy that average. Then you add the differential written in the contract.
Suppose instead you only want to know whether rates moved this week. Then you want the daily table, with each date visible. That is a market check, not a review calculation.
Questions people ask
Can I use the month-to-date average as if the month were finished? Only if the contract allows it. Most reviews wait for the closed month.
Why does my bank’s figure not match this site to the last decimal? Rounding, a different cut-off day, or a different tenor. Check the month and the tenor before you assume a mistake.
Is “12-month” the same as “1 year”? Yes. Banks write 12-month. People type 1 year. Same series on this site. See 1-year Euribor.
What to do next
- Read the sentence in the contract that names Euribor.
- Match it to daily or monthly, and to a date or a month.
- Copy that figure from this site or from EMMI.
- Add the differential and, if you need a payment, use the calculator.
Where to read the live figures
Daily rate and this month’s running average: home and Euribor today. Closed months: history. How the average is built: how Euribor is calculated.
Official source: EMMI. This page is not a payment notice.