12-month Euribor – January 2023
The average 12-month Euribor for January 2023 is 3.337 %, computed from 22 daily fixings (complete). The month opened at 3.316 %, closed at 3.413 %, with a low of 3.300 % and a high of 3.413 %. Versus December 2022 the average is up +0.319 pp.
Most variable mortgages in the euro area are revised on the monthly average, not the daily value. A loan that resets in January on the 12-month Euribor plus 1 pp would pay 4.34 % for the coming period.
Every number on this page is an official published fixing, not an estimate: daily values are the Euribor fixings as published in the ECB / Eurosystem's official statistics, monthly averages are the arithmetic mean of those fixings and are cross-checked against the ECB Data Portal, and the tables are refreshed every business day after the previous day's fixing appears. Tenors use the ACT/360 convention. Where a monthly average differs from the ECB figure by more than a hundredth of a point the methodology page lists the case.
What does it mean for a mortgage?
Annuity formula; assumes the rate applies for the whole remaining term. Your bank may round or use a different convention.
January 2023
Source: official ECB / Eurosystem data. Published with a 24-hour delay.
Date
| Date | Rate | Change |
|---|---|---|
| 3.413 % | +0.045 pp | |
| 3.368 % | +0.012 pp | |
| 3.356 % | +0.004 pp | |
| 3.352 % | -0.011 pp | |
| 3.363 % | +0.010 pp | |
| 3.353 % | +0.008 pp | |
| 3.345 % | +0.018 pp | |
| 3.327 % | +0.027 pp | |
| 3.300 % | -0.011 pp | |
| 3.311 % | -0.028 pp | |
| 3.339 % | +0.007 pp | |
| 3.332 % | +0.017 pp | |
| 3.315 % | -0.010 pp | |
| 3.325 % | -0.045 pp | |
| 3.370 % | +0.032 pp | |
| 3.338 % | +0.010 pp | |
| 3.328 % | 0.000 pp | |
| 3.328 % | +0.025 pp | |
| 3.303 % | -0.009 pp | |
| 3.312 % | -0.009 pp | |
| 3.321 % | +0.005 pp | |
| 3.316 % | – |
Source: official ECB / Eurosystem data. Published with a 24-hour delay.
Frequently asked questions
What is the 12-month Euribor average for January 2023?
3.337 %, computed from 22 daily fixings. The ECB's official monthly average is 3.337 %.
My mortgage revises with the January average – what rate applies?
Reference 3.337 % plus your contractual spread; with a 1 pp spread the new rate is 4.34 %. Check whether your contract uses the previous month or the month before that.
Source: official ECB / Eurosystem data. Published with a 24-hour delay. 07/09/2026