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Forex Interest Rates

Forex interest rates play the most important role in moving the prices of currencies in the Forex market. Central banks are the most influential actors, as international interest rates are set by these financial institutions. Forex interest rates dictate flows of investment. Since currencies are representations of a country’s economy, differences in interest rates affect the relative worth of currencies in relation to one another. When central banks change forex interest rates they cause the forex market to experience movement and volatility. In the realm of Forex trading, accurate trading of central banks’ actions can enhance the trader's chances for a successful trade.

Roboforex presents a table of changes in the  international interest rates of leading currencies, from 2009 to the present day:

Country

Current Interest Rate* Previous Last Change
Australia 2.00 % 2.25 % May 5th 2015
Brazil 14.25 % 13.75 % July 30th 2015
United Kingdom 0.50 % 1.00 % March 5th 2009
Hungary 1.35 % 1.50 % July 21st 2015
Hong Kong SAR 0.50 % 1.50 % December 17th 2008
European Union 0.05 % 0.15 % September 4th 2014
India 6.75 % 7.25 % September 29th 2015
Iceland 5.75 % 5.50 % November 4th 2015
Canada 0.50 % 0.75 % July 15th 2015
China 4.35 % 4.55 % October 23rd 2015
New Zealand 2.50 % 2.75 % January 14th 2016
Norway 0.75 % 1.00 % September 24th 2015
Poland 1.50 % 2.00 % March 4th 2015
Republic of Korea 1.50 % 1.75 % January 14th 2016
United States 0.50 % 0.25 % December 16th 2015
Taiwan 1.625 % 1.750 % December 17th 2015
Turkey 7.50 % 7.75 % February 24th 2015
Czech Republic 0.05 % 0.25 % November 1st 2012
Switzerland -0.75 % -0.25 % January 15th 2015
Sweden -0.35 % -0.25 % July 2nd 2015
South Africa 6.25 % 6.00 % November 19th 2015
Japan 0.10 % 0.20 % October 5th 2010
* - The decrease in interest rates leads to the increase in business activity as well as volatility on forex market.