Eurodollars sentence example

eurodollars
  • The LIBOR rates are calculated in Eurodollars.
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  • To get the 6-month Libor Eurodollar rate at these same banks, the BBA would ask these banks what they would charge Bank B to borrow funds in Eurodollars for six months.
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  • The highest and lowest interest rates of Banks A, D, Q and R would be disregarded and the remaining rates would be averaged to determine the 6-month Libor Rate in Eurodollars.
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  • This is because using Eurodollars, which includes only European currency, would not accurately reflect the rate for American lenders.
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  • The rates are initially calculated in Eurodollars.
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