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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 2.25 % 2.50 % Feb 3 2015
Brazil 12.75 % 12.25 % Mar 4 2015
United Kingdom 0.50 % 1.00 % Mar 5 2009
Hungary 1.95 % 2.10 % Mar 24 2015
Hong Kong SAR 0.50 % 1.50 % Dec 17 2008
European Union 0.05 % 0.15 % Sep 4 2014
India 7.50 % 7.75 % Mar 4 2015
Iceland 4.50 % 5.00 % Dec10 2014
Canada 0.75 % 1.00 % Jan 21 2015
China 5.35 % 5.60 % Feb 28 2015
New Zealand 3.50 % 3.25 % Jul 24 2014
Norway 1.25 % 1.50 % Dec 11 2014
Poland 1.50 % 2.00% Mar 4 2015
Republic of Korea 1.75 % 2.00 % Mar 12 2015
United States 0.25 % 1.00 % Dec 16 2008
Taiwan 1.875 % 1.750 % Jun 30 2011
Turkey 7.50% 7.75 % Feb 24 2015
Czech Republic 0.05 % 0.25 % Nov 1 2012
Switzerland 1.25 % 1.50 % Jan 15 2015
Sweden 0.25 % 0.40 % Mar 18 2015
South Africa 5.75 % 5.50 % Jul 17 2014
Japan 0.10 % 0.20 % Oct  5 2010
* - the decrease in interest rates leads to the increase in business activity as well as volatility on forex market.