12-month Euribor – May 2024
The average 12-month Euribor for May 2024 is 3.681 %, computed from 23 daily fixings (complete). The month opened at 3.696 %, closed at 3.711 %, with a low of 3.628 % and a high of 3.740 %. Versus April 2024 the average is down -0.021 pp.
Most variable mortgages in the euro area are revised on the monthly average, not the daily value. A loan that resets in May on the 12-month Euribor plus 1 pp would pay 4.68 % for the coming period.
Every number on this page is a published fixing, not an estimate: daily values come from the Bank of Finland's copy of the Euribor series, monthly averages are the arithmetic mean of those fixings and are cross-checked against the ECB Data Portal, and the tables are rebuilt each 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.
May 2024
Source: Bank of Finland. Published with a 24-hour delay.
Date
| Date | Rate | Change |
|---|---|---|
| 3.711 % | -0.018 pp | |
| 3.729 % | +0.013 pp | |
| 3.716 % | -0.006 pp | |
| 3.722 % | -0.018 pp | |
| 3.740 % | +0.011 pp | |
| 3.729 % | +0.027 pp | |
| 3.702 % | +0.032 pp | |
| 3.670 % | -0.010 pp | |
| 3.680 % | +0.007 pp | |
| 3.673 % | +0.028 pp | |
| 3.645 % | -0.005 pp | |
| 3.650 % | -0.029 pp | |
| 3.679 % | +0.041 pp | |
| 3.638 % | -0.016 pp | |
| 3.654 % | +0.025 pp | |
| 3.629 % | +0.001 pp | |
| 3.628 % | -0.014 pp | |
| 3.642 % | -0.005 pp | |
| 3.647 % | -0.011 pp | |
| 3.658 % | -0.035 pp | |
| 3.693 % | -0.035 pp | |
| 3.728 % | +0.032 pp | |
| 3.696 % | – |
Source: Bank of Finland. Published with a 24-hour delay.
Frequently asked questions
What is the 12-month Euribor average for May 2024?
3.681 %, computed from 23 daily fixings. The ECB's official monthly average is 3.680 %.
My mortgage revises with the May average – what rate applies?
Reference 3.681 % plus your contractual spread; with a 1 pp spread the new rate is 4.68 %. Check whether your contract uses the previous month or the month before that.
Source: Bank of Finland (daily fixings), ECB Data Portal (monthly averages). Published with a 24-hour delay. 07/09/2026