HKD Swap Rates Today: Current & Historic HIBOR Swaps
Current Quarterly vs 3M HIBOR swap rates – daily updates on HKD interest rate swaps.
Last update:
| Tenor | Live | 3 days ago23 Jul 2026 | 1 week ago15 Jul 2026 | 1 month ago22 Jun 2026 | 1 year ago22 Jul 2025 |
|---|---|---|---|---|---|
| 3M | 2.94% | 3.00% | 2.97% | 1.79% | |
| 6M | 3.47% | 3.40% | 3.14% | 2.87% | |
| 1 Year | 3.76% | 3.69% | 3.51% | 2.88% | |
| 2 Year | 3.60% | 3.54% | 3.45% | 2.67% | |
| 3 Year | 3.60% | 3.53% | 3.42% | 2.71% | |
| 4 Year | 3.60% | 3.52% | 3.40% | 2.74% | |
| 5 Year | 3.61% | 3.53% | 3.40% | 2.80% | |
| 7 Year | 3.64% | 3.57% | 3.42% | 2.91% | |
| 10 Year | 3.74% | 3.67% | 3.50% | 3.11% | |
| 15 Year | 3.90% | 3.81% | 3.63% | 3.27% | |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
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// Excel: live 3M HIBOR swap rate in a cell =BlueGamma.SWAP_RATE("3M HIBOR", start_date, maturity_date, "1Y") # API: the same rate, one GET away GET api.bluegamma.io/v1/swap_rate ?index=3M HIBOR&start_date=2D&maturity_date=5Y x-api-key: your_api_key
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HONIA Swap Rates
HONIA (Hong Kong Dollar Overnight Index Average) is HKD's risk-free rate alternative to HIBOR. Current HONIA swap rates with 1 week, 1 month and 1 year history.
Last update:
| Tenor | Live | 3 days ago23 Jul 2026 | 1 week ago15 Jul 2026 | 1 month ago22 Jun 2026 | 1 year ago22 Jul 2025 |
|---|---|---|---|---|---|
| 6M | 2.44% | 2.42% | 2.32% | 1.62% | |
| 1 Year | 2.69% | 2.66% | 2.62% | 2.14% | |
| 2 Year | 2.85% | 2.79% | 2.70% | 2.30% | |
| 3 Year | 2.85% | 2.78% | 2.68% | 2.33% | |
| 4 Year | 2.85% | 2.77% | 2.60% | 2.35% | |
| 5 Year | 2.92% | 2.80% | 2.64% | 2.42% | |
| 7 Year | 2.91% | 2.82% | 2.65% | 2.52% | |
| 10 Year | 3.03% | 2.93% | 2.75% | 2.74% | |
| 15 Year | 3.15% | 3.04% | 2.90% | 2.87% |
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FAQs
An HKD interest rate swap exchanges a fixed HKD rate for a floating rate, normally 3M HIBOR, on an agreed notional. Borrowers use it to fix the cost of HIBOR-linked debt; the fixed rates the market currently charges are shown in the table above.
The key terms are the notional, the tenor, the fixed rate (the swap rate shown above), the floating index (typically 3M HIBOR), payment frequency and day-count convention. The fixed rate is the number that moves daily with the market.
On each payment date one side pays the agreed fixed rate and receives 3M HIBOR on the notional; only the net difference changes hands. If HIBOR averages above the fixed rate, the fixed-rate payer comes out ahead, and vice versa.
More on HIBOR & HONIA
HONIA Forward Curve
Where the market prices HONIA going next: the full HKD forward curve.
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