Hong Kong Interbank Offer Rate(redirected from Hong Kong Interbank Offered Rate)
Also found in: Acronyms.
Hong Kong Interbank Offer Rate
The interest rate that banks in Hong Kong charge one another for interbank loans with terms of up to one year. It is considered a key benchmark interest rate in the wider Asian economy. Interest rate swaps in Asia, for example, often use HIBOR as the reference rate for the floating payer. See also: LIBOR, EURBOR.