EuriborEuro LIBOR is not the live 12-month Euribor
Guide · 12-month Euribor · about nine minutes
People still type “euro libor”, “eur libor” and “libor calculator” when they want a euro interest rate. The letters sit next to each other on a keyboard. The markets never sat next to each other in a deed.
LIBOR asked a panel of banks in London what they would charge each other in several currencies, including the euro. Euribor asks a different panel, under European rules, for unsecured euro term rates. They were cousins. They were never the same morning print.
Euro LIBOR was retired. The live euro term rate a household loan still names is almost always 12-month Euribor. That is the series this website caches and the series you should copy unless the deed names another tenor in so many words.
After the wind-down, dollar contracts moved toward SOFR. Sterling moved toward SONIA. The euro already had two living pieces: Euribor for term loans and €STR for overnight. A calculator still labelled “LIBOR” that offers a euro tenor is either a museum or a trap.
A reader in the United States meets “LIBOR” first. That is normal. The 30-year mortgage ad on American television is not Euribor either. If the loan on the table is in euro and names 12-month Euribor, stay on this site. If the loan is a dollar note, start at the SOFR map instead.
The shorter sister page is Euribor versus LIBOR. This page is the practical one: what to copy when the old name appears in a search box, a spreadsheet tab or a footnote from 2011.
Live 12-month print sits on Euribor today. The daily explanation sits on Euribor daily. Closed months sit on the history table. Those three rooms are the living building. The LIBOR room is locked.
Worked sketch. A floating euro loan of €150,000, twenty-five years left, spread 0.90. Last year’s closed 12-month average was 2.200 percent. All-in rate then: 3.100 percent. If someone pastes an old euro-LIBOR page from 2011 that still shows 1.400 percent, the payment they compute is a fantasy.
Turn a living rate into a payment with the loan-impact calculator. Add only the margin with the spread builder. See daily versus average on one loan with the three-clock tool. Do the arithmetic on this site, not on a retired panel.
Wholesale contracts sometimes had fallback language: if LIBOR is unavailable, use X. Household deeds that say Euribor did not need that sentence. Do not import an ISDA fallback into a mortgage that never mentioned LIBOR.
Euribor prints on TARGET mornings around 11:00 Central European Time. LIBOR had its own London window. Mixing the clocks is how two honest sources disagree by a day. Label the figure with a date and the disagreement usually dies.
Tenors matter. There was a three-month euro LIBOR and there is a three-month Euribor. A twelve-month household clause is not rescued by pasting a three-month museum value. Stay on the tenor written in the deed.
News pages still say “LIBOR” out of habit. Read the caption. If the chart is SOFR or Sonia, you are in another country. If the chart is Euribor twelve months, you are in the right building with the wrong headline.
Old term sheets sometimes stacked names: “EURIBOR or, if unavailable, Euro LIBOR”. After retirement the second name is empty. The first name still has a publisher. Copy from EMMI’s series, not from a 2018 PDF screenshot.
London was the home of LIBOR. Brussels time is the home of the Euribor print. Geography is not trivia. It decides whether your 07:00 New York memo is early or on time.
Administrator of Euribor is EMMI. Notes on the LIBOR cessation sit with the UK authorities and, for dollar replacements, with the New York Fed. This page does not republish those PDFs. It tells you which live number this website actually carries.
Nothing here revives a dead fixing and nothing here chooses a fallback for a 2006 swap. If the document in your hand is a derivative confirmation, take it to counsel. If it is a household euro loan that names twelve-month Euribor, use the twelve-month series.
A clean path for a busy morning: confirm the currency is euro, confirm the tenor is twelve months, confirm the clock is daily or monthly, then copy from the current-rate page. Four checks. Then the calculator.
Before you paste, ask four questions out loud. Is the currency euro. Is the tenor twelve months. Is the clock a monthly average or a daily print. Am I looking at a date after the LIBOR retirement. Four yeses, then copy.
If a colleague still says “LIBOR” in a meeting about a Spanish, Italian or Portuguese household loan, translate the word once and move on. Repeating the old name keeps the wrong spreadsheet tab alive.
Internal links worth keeping open while you read: Euribor versus LIBOR, Euribor versus SOFR, Euribor today, how Euribor affects a loan. External source: the EMMI site. No other tab is required for a household letter.
If two websites disagree by a few thousandths, look at the date first. If they disagree by a tenth, one of them is on another tenor or another retired panel. Do not average the two sites together.
Write the source on the same line as the number: “12-month Euribor, closed August 2026, EMMI via this site”. Future you will not remember whether the cell came from a LIBOR museum tab.
A bank that still prints “EURIBOR/LIBOR” on a letterhead is using a template, not a second index. Ask which series and which month. Then ignore the second name.