Graph and download economic data for ICE Swap Rates, 11:00 A.M. (London Time), Based on Euros, 5 Year Tenor (ICERATES1100EUR5Y) from 2014-08-01 to 2021-12-30 about swaps, London, Euro Area, Europe, 5-year, interest rate, interest, and rate.

Graph and download economic data for ICE Swap Rates, 12:00 P.M. (London Time), Based on Euros, 9 Year Tenor (ICERATES1200EUR9Y) from 2014-08-01 to 2021-12-27 about 9-year, swaps, London, Euro Area, Europe, interest rate, interest, and rate.

Global interest rate (gross - gross), for interest rate swaps, total (all currencies), euro, total (all maturities), non-reporters, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

TraditionData’s EUR – ESTR service offers data on the Euro Short-Term Rate, a significant alternative reference rate for the Euro interbank lending market.

• ESTR is based on actual transactions in the Euro interbank lending market, offering a more accurate and reliable rate compared to EURIBOR.
• Managed by the European Money Markets Institute, ensuring transparency and fairness.

For additional information, visit EUR – ESTR.

Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data was reported at 0.169 % pa in Nov 2018. This records an increase from the previous number of 0.131 % pa for Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data is updated monthly, averaging 0.294 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.995 % pa in Sep 2007 and a record low of 0.075 % pa in Sep 2017. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

TraditionData’s Inflation Swaps service offers detailed market data for managing the risk of future inflation. This service provides:

• Coverage of various countries and currencies, with inflation-linked swaps data across multiple tenors.
• Data sourced from Tradition’s brokerage desks, enabling real-time, intraday, and end-of-day price updates.
• Tailored packages for specific regional and product needs.
• Key applications in hedging inflation risk, managing portfolio risk, and improving diversification.
  

For further details, visit TraditionData Inflation Swaps.

Russia EUR/RUB Swap: Overnight: Base Swap Rate data was reported at 96.825 EUR/RUB in 25 Feb 2022. This records an increase from the previous number of 91.359 EUR/RUB for 24 Feb 2022. Russia EUR/RUB Swap: Overnight: Base Swap Rate data is updated daily, averaging 49.417 EUR/RUB from Oct 2005 (Median) to 25 Feb 2022, with 3978 observations. The data reached an all-time high of 96.825 EUR/RUB in 25 Feb 2022 and a record low of 34.084 EUR/RUB in 28 Oct 2008. Russia EUR/RUB Swap: Overnight: Base Swap Rate data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Swap Rates – Table RU.ME002: ForEx Swap Transactions: Bank of Russia: Terms.

TraditionData’s Overnight Indexed Swaps (OIS) Data service provides comprehensive market data for OIS, including alternative reference rates.

• Coverage includes spot and forward start OIS, OIS spreads, and central bank meeting dates.
• Serves a range of financial institutions for interest rate risk management and speculation.

For additional information, visit Overnight Indexed Swaps (OIS) Data.

Cross currency swap differs from single currency swaps in that the interest rate payments on the two legs are in different currencies. At inception of the trade, the notional principal amounts in the two currencies are usually set to be fair given the spot exchange rate. Contrary to single currency swap, there is an exchange of principals at inception and maturity, or even in each period of the swap.

Cross currency swaps are powerful instruments to transfer assets or liabilities from one currency to another. The market charges for this is a liquidity premium – the cross-currency basis spread. Thus, the market quoted cross-currency basis spreads usually relative to a liquidity benchmark.

For a cross currency trade between one currency and another currency. If there is a higher demand for the currency, the party lending the dollar will ask for a premium. This premium is referred to as the cross currency basis. In general, the cross currency basis is a measure of the dollar shortage in the market. The more negative the basis is, the more severe the shortage.

Cross currency basis is an important element of currency management. To price a cross-currency product, the cross-currency basis spread has to be taken into account by adjusting either discounting or forecasting curves. For domestic currency investor, negative basis can work in their favor when they hedge currency exposures. For foreign investors, however, the basis can increase their hedging cost.

Interest Rate Swaps Market Outlook

According to our latest research, the global interest rate swaps market size reached USD 3.18 trillion in 2024, demonstrating a robust presence in the global derivatives landscape. The market is projected to expand at a CAGR of 6.1% from 2025 to 2033, with the total market value forecasted to reach USD 5.41 trillion by 2033. This steady growth is primarily driven by the increasing volatility in interest rates, the rising need for risk management solutions among financial institutions and corporates, and the ongoing development of sophisticated financial products. As per our latest research, the demand for interest rate swaps continues to surge, underpinned by macroeconomic shifts and evolving regulatory frameworks.

The growth of the interest rate swaps market is significantly influenced by the heightened volatility in global interest rates. Central banks across various regions have adopted divergent monetary policies in response to inflationary pressures, economic recovery post-pandemic, and geopolitical uncertainties. These policy shifts have resulted in unpredictable interest rate movements, prompting financial institutions, corporates, and governments to seek effective hedging mechanisms. Interest rate swaps, by enabling parties to exchange fixed and floating rate obligations, offer a flexible solution to manage interest rate exposure. The proliferation of advanced analytics and risk management tools has further empowered market participants to optimize their swap strategies, thereby fueling market expansion.

Another key growth factor for the interest rate swaps market is the increasing sophistication and participation of non-bank entities. Corporates are now more proactive in managing their debt portfolios, leveraging swaps to lock in favorable rates, reduce borrowing costs, and enhance financial predictability. The emergence of fintech platforms and electronic trading venues has made it easier for smaller institutions and corporates to access swap markets, democratizing participation and boosting overall transaction volumes. Additionally, the integration of artificial intelligence and machine learning in pricing and risk assessment is enhancing transparency and efficiency, further attracting new entrants and driving market growth.

Regulatory developments also play a pivotal role in shaping the trajectory of the interest rate swaps market. Post-2008 reforms, such as the Dodd-Frank Act in the United States and EMIR in Europe, have increased the transparency and security of swap transactions by mandating central clearing for standardized contracts and enhancing reporting requirements. These regulations have not only mitigated counterparty risk but also encouraged greater adoption of interest rate swaps among institutional investors. Furthermore, the transition from LIBOR to alternative reference rates has led to a surge in swap activity as market participants restructure existing contracts and adapt to new benchmarks, thereby sustaining market momentum.

From a regional perspective, North America and Europe continue to dominate the interest rate swaps market due to the maturity of their financial systems, high levels of institutional participation, and advanced regulatory environments. However, the Asia Pacific region is emerging as a significant growth engine, driven by rapid financial market liberalization, rising cross-border investments, and the increasing sophistication of local financial institutions. Latin America and the Middle East & Africa, while currently representing smaller shares, are expected to witness accelerated growth as financial infrastructure improves and market awareness increases. Overall, the global interest rate swaps landscape is poised for sustained expansion, supported by a confluence of macroeconomic, technological, and regulatory factors.

The role of Credit Default Swap Index in the financial markets has been increasingly significant, particularly as investors and institutions seek to manage credit risk more effectively. These indices aggregate the credit default swaps of various entities, providing a benchmark for credit risk assessment and trading. By offering a standardized measure of credit risk, Credit Default Swap Indices facilitate greater market transparency and liquidity, allowing participants to hedge or speculate on the credi

The average daily turnover of over the counter (OTC) derivatives traded in France increase between 2001 and 2010, before falling over the following decade. From a peak of over ***** billion U.S. dollars in 2010, by 2019 the average daily turnover had fallen to around ***** billion U.S. dollars. In all years under consideration the most common instrument traded was interest rate swaps, which accounted for around two thirds of turnover in 2022.

The yield on Euro Area 10Y Bond Yield held steady at 3.12% on November 28, 2025. Over the past month, the yield has edged up by 0.04 points and is 0.39 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Euro Area Government Bond 10y.

Global interest rate (net - net), for interest rate swaps, total (all currencies), euro, total (all maturities), non-financial customers, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), outstanding - gross market values

Japan Tokyo Interbank Offered Rate: Euro-yen: 6 Months data was reported at 0.096 % pa in Nov 2018. This stayed constant from the previous number of 0.096 % pa for Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 6 Months data is updated monthly, averaging 0.267 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.915 % pa in Oct 2008 and a record low of 0.082 % pa in Sep 2017. Japan Tokyo Interbank Offered Rate: Euro-yen: 6 Months data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Interest Rate Swaps Market Outlook

According to our latest research, the global interest rate swaps market size reached USD 12.4 trillion in 2024, with a robust compound annual growth rate (CAGR) of 6.8% projected through the forecast period. By 2033, the market is forecasted to attain a value of USD 24.1 trillion. This remarkable growth is primarily driven by increased volatility in global interest rates, a heightened need for risk management tools among financial institutions, and the rising complexity of corporate financial strategies.

A significant growth factor for the interest rate swaps market is the ongoing volatility in global interest rates, which has prompted both financial institutions and corporations to seek sophisticated hedging instruments. Central banks around the world have adopted divergent monetary policies in response to inflationary pressures and economic uncertainties, which has led to increased fluctuations in benchmark rates. As a result, organizations are turning to interest rate swaps to manage their exposure, lock in borrowing costs, and stabilize cash flows. The growing demand for risk mitigation tools is further amplified by the unpredictable macroeconomic environment, making interest rate swaps an essential component of modern financial risk management.

Another pivotal driver is the evolution of regulatory frameworks and financial market infrastructure, which has enhanced transparency and accessibility in the interest rate swaps market. The implementation of regulations such as the Dodd-Frank Act in the United States and EMIR in Europe has encouraged the migration of swaps trading to centralized clearinghouses and electronic trading platforms. This shift has not only reduced counterparty risk but also improved price discovery and operational efficiency. The increasing adoption of technology-driven trading systems, alongside the digitization of financial services, is making interest rate swaps more accessible to a broader array of market participants, including mid-sized corporates and institutional investors.

Furthermore, the expansion of the interest rate swaps market is supported by the globalization of financial markets and the diversification of end-users. Multinational corporations, government entities, and even non-banking financial institutions are leveraging swaps to optimize their capital structures and manage cross-border exposures. The proliferation of new swap products, such as basis swaps and forward swaps, has enabled market participants to implement more complex and tailored risk management strategies. As financial markets become increasingly interconnected, the demand for flexible and customizable interest rate derivatives is expected to continue its upward trajectory.

Regionally, North America and Europe remain dominant due to their mature financial markets and robust regulatory frameworks. However, the Asia Pacific region is emerging as a significant growth engine, propelled by rapid financial sector development, increased cross-border capital flows, and the liberalization of interest rate regimes in key economies like China and India. Latin America and the Middle East & Africa are also witnessing steady growth, albeit from a smaller base, as financial markets in these regions continue to evolve and integrate with global capital markets.

Type Analysis

The interest rate swaps market can be segmented by type into Over-the-Counter (OTC) and Exchange-Traded swaps. OTC swaps have historically dominated the market, accounting for the majority of global notional outstanding due to their flexibility and customization options. Financial institutions and large corporates prefer OTC swaps as they allow for bespoke contract terms tailored to specific hedging requirements. The depth and liquidity of the OTC market have enabled participants to execute large and complex transactions efficiently, making it an indispensable segment for risk management and speculative strategies.

However, the landscape is gradually shifting with the rise of exchange-traded interest rate swaps. Regulatory reforms, particularly in the aftermath of the global financial crisis, have encouraged the migration of standardized swap contracts to regulated exchanges and central clearinghouses. Exchange-traded swaps offer enhanced transparency, reduced counterparty risk, and improved operational efficiency, which are particularly attr

Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Month data was reported at 0.096 % pa in Nov 2018. This stayed constant from the previous number of 0.096 % pa for Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Month data is updated monthly, averaging 0.134 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.852 % pa in Nov 2008 and a record low of 0.027 % pa in Dec 2016. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Month data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data was reported at 0.050 % pa in Oct 2018. This stayed constant from the previous number of 0.050 % pa for Sep 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data is updated monthly, averaging 0.189 % pa from Sep 1998 (Median) to Oct 2018, with 242 observations. The data reached an all-time high of 0.884 % pa in Oct 2008 and a record low of 0.050 % pa in Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Global interest rate (net - net), for interest rate swaps, total (all currencies), euro, total (all maturities), non-financial customers, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), outstanding - notional amounts

Class Definitions

Label Description Typical triggers

ir Interest rate swaps, caps, floors, swaptions, futures on LIBOR/SOFR/SOFR, etc. “floating rate”, “LIBOR”, “interest rate swap”

fx Currency forwards, FX swaps, currency options, cross-currency interest rate swaps “foreign currency”, “euro”, “peso”, “exchange rate”

cp Commodity hedges (oil, jet fuel, metals, agriculture, power, freight) “jet fuel”, “natural gas”, “copper”, “commodity”

eq Equity forwards, total… See the full description on the dataset page: https://huggingface.co/datasets/DerivedFunction/derivative-category-dataset.