Saturday 6 December 2008

LIBOR rates in November

I do love statistics and numbers and graphs and stuff, they make it all so much easier to read, and pretty colours too.

This is a graph I made up of LIBOR rates from the BBA (via uncle Tim) in November for British Pounds (GBP), US dollars (USD), the Euro (EUR) and the Japanese Yen (JPY), with different colours for each currency, and different shades for each time scale thing, overnight rates are the lowest lines for each colour, twelve month rates are the highest lines.

LIBOR spread - NOV-08

God knows what it all means or what affected the various directions of the lines. But we can see how at the start of the month, each colour block had its own pretty distinct band of rates. Green GBP having the highest rate, then the red EUR, blue USD having a great swath beween 3.2% to 0.4% and then the narrow band of yellow JPY. By the end of the month the reds and the greens are pretty indistinguishable.

The red and the greens just seem to creep downwards and thr blues are creeping up. But if you really just want a bit of stability in your life, go with the yellows.

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