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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 2.50 % 2.75 % Aug 06 2013
Brazil 11 % 9.50 % 2nd of April 2014
United Kingdom 0.50 % 1.00 % Mar 05 2009
Hungary 2.10 % 3.40 % 22nd of July 2014
Hong Kong SAR 0.50 % 1.50 % Dec 17 2008
European Union 0.15 % 0.25 % 5th of June 2014
India 8.00 % 7.75 % 28th of January 2014
Iceland 5.00 % 4.75 % Nov 14 2012
Canada 1.00 % 0.75 % Sept 08 2010
China 6.00 % 6.31 % Jul 05 2012
New Zealand 3.50 % 2.50 % 24th of July 2014
Norway 1.50 % 1.75 % Mar 14 2012
Poland 3.75 % 4.00% Feb 06 2013
Republic of Korea 2.25 % 2.50 % 14th of August 2014
United States 0.25 % 1.00 % Dec 16 2008
Taiwan 1.875 % 1.750 % Jun 30 2011
Turkey 8.25% 4.50 % 17th of July 2014
Czech Republic 0.05 % 0.25 % Nov 1 2012
Switzerland 0.25 % 0.75 % Aug 3 2011
Sweden 0.25 % 1.00 % 3rd of July 2014
South Africa 5.75 % 5.00 % 17th of July 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.