Currency

SONIA

SONIA, or the Sterling Overnight Index Average, is a key benchmark in the world of finance. It measures the overnight interest rate that banks pay for unsecured transactions in the British sterling market. This rate is crucial for understanding the cost of funding for trades that take place outside of normal business hours. Essentially, SONIA reflects the level of overnight activity in the marketplace, providing valuable insights for financial analysis and decision making.

Related terms

Ticker

Understand the meaning and definition of Ticker in the context of stock market, trading, and investments.

MORE
Cross-rate

Understand the meaning and definition of Cross-rate in the context of stock market, trading, and investments.

MORE
Non-trading Operation

Understand the meaning and definition of Non-trading Operation in the context of stock market, trading, and investments.

MORE
EUR

Understand the meaning and definition of EUR in the context of stock market, trading, and investments.

MORE
Necessary Margin

Understand the meaning and definition of Necessary Margin in the context of stock market, trading, and investments.

MORE
Exchange Rate

Understand the meaning and definition of Exchange Rate in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers