CIBOR Forward Curve: Today’s Market-Implied Path
The 3M and 6M CIBOR forward curves, bootstrapped from DKK swap quotes. Compare them on one chart, read the year-by-year forecast, or take the whole grid to Excel.
Last update:
Year-end CIBOR forward rates · the CIBOR forecast 5 years out, 3M and 6M
| Date | 3M | 6M |
|---|---|---|
| 31 Dec 2026 | 2.88% | 3.08% |
| 31 Dec 2027 | 3.29% | 3.51% |
| 31 Dec 2028 | 3.26% | 3.48% |
| 31 Dec 2029 | 3.25% | 3.46% |
| 31 Dec 2030 | ||
| 31 Dec 2031 | ||
| Forward curve | 31 Dec 2026 | 31 Dec 2027 | 31 Dec 2028 | 31 Dec 2029 | 31 Dec 2030 | 31 Dec 2031 |
|---|---|---|---|---|---|---|
| 3M CIBOR | 2.88% | 3.29% | 3.26% | 3.25% | ||
| 6M CIBOR | 3.08% | 3.51% | 3.48% | 3.46% | ||
The market’s CIBOR forecast: forward rates implied by DKK swap quotes. Read how we build these curves.
Unlock the full curve
Get the complete CIBOR forward curve in Excel
- Every forward, out to the longest quoted tenor
- One-click download to Excel
- Excel Add-in & API access
- Curves for 30+ currencies, refreshed all day
No card needed, cancels automatically
“We stopped chasing the bank for a mid. BlueGamma is our curve of record now.”
The CIBOR forward curve in Excel & API
If you’re copying this curve into a model more than once a month, you don’t need a download, you need a feed. One function per forward period, always current, straight into your model.
// Excel: any CIBOR forward period in a cell =BlueGamma.FORWARD_RATE("6M CIBOR", start_date, end_date) # API: the same rate, one GET away GET api.bluegamma.io/v1/forward_rate ?index=6M CIBOR&start_date=2027-06-30 &end_date=3M x-api-key: your_api_key
The curve prices your float. The desk quotes a par rate.
When you fix, the bank quotes one number for the whole term. Check it against an independent CIBOR mid before you sign: the difference is their margin.
trusted by
FAQs
CIBOR, the Copenhagen Interbank Offered Rate, is the benchmark interest rate for Danish kroner, administered by the Danish Financial Benchmark Facility. It is fixed at 11:00 each Danish banking day for 1 week and 1, 3, 6 and 12 months, as a trimmed average of five panel banks' submissions, and is used in commercial lending, mortgages and interest rate swaps.
Because the krone is pegged to the euro, CIBOR follows Danmarks Nationalbank's policy rate, which in turn moves closely with the ECB. DESTR, published by Danmarks Nationalbank, is the overnight risk-free rate. A working group on the CIBOR transition published draft guidance for new contracts in October 2026, but no end date for CIBOR has been set.
Use the tenor your loan or swap resets on: 3M CIBOR for quarterly resets, 6M CIBOR for semi-annual ones.
Both curves on this page are bootstrapped the same way from DKK swap quotes, so the gap between them is the premium the market charges for six months over three.
Markets currently price 3M CIBOR at 2.88% for end-2026, 3.29% for 2027, 3.26% for 2028 and 3.25% for 2029: a rising path. These are forward rates implied by today's swap market, not an in-house view, and they move as expectations shift.
The dated forward rates for 2030, 2031 and the rest of the curve are in the app. Start a free 14-day trial and take them straight to Excel.
Quotes stream straight from tier-one inter-dealer brokers and exchanges. We sanity-check every feed before building the curve.
Yes. Pick any valuation date (and even time) and download the historical curve to Excel.
This page updates every trading day. Need intraday? Most curves update on live rates in the app, and the Excel download uses the latest rates the moment you hit Download. Start a free 14-day trial.
SOFR, SONIA, EURIBOR, CORRA, BBSY, STIBOR, NIBOR, JIBAR and 30-plus others: all with forward curves and discount factors.
Yes. Pull curves via a REST API or use the Excel function =BLUEGAMMA(). Same numbers everywhere, no manual uploads.
Absolutely. Load any swap (fixed-for-floating, amortising or bullet), drop in the notional schedule and get a mark-to-market in minutes, or roll the clock back for historic pricing.
Most free forward curves are published once a month as a static chart. BlueGamma rebuilds the CIBOR curves from swap quotes every trading day, shows the dated values rather than a picture, and lets you download the full grid to Excel during a free trial.
More on CIBOR rates
CIBOR Swap Rates
Today's DKK CIBOR swap rates across the tenor grid, with history.
Forward curve basics
How forward curves are built, read and used in models.
Pull a curve into Excel
How to pull a forward curve directly into a spreadsheet, step by step.
How we bootstrap the yield curve
The methodology behind every curve on this page: market inputs, bootstrapping and interpolation.
More from BlueGamma
Or browse the full forward curve catalogue, covering every curve we publish.