Cairo Overnight Index Average - CONIA

The Cairo Overnight Index Average (CONIA) benchmark is an EGP risk-free rate based on the overnight interbank data collected by the CBE that shall serve as a reliable benchmark for price discovery and interest rate management. CONIA is calculated on a daily basis as the trimmed mean of the volume-weighted average rate on overnight unsecured interbank transactions. It is published on each business day based on transactions conducted and settled on the previous business day.
The Central Bank of Egypt, as an administrator of CONIA, also publishes the 30 Days, 90 Days, and 180 Days CONIA compounded term rates as well as the CONIA Index, in order to support the development of a broader set of products linked to the new benchmark. The CONIA compounded term rates represent the daily compounded averages of the CONIA O/N Rate for the specified tenors while the CONIA Index represents the compounded value of the CONIA O/N Rate since 02 01 2017.

Last Updated: 03 Aug 2021


Date O/N Rate Volume (EGP MIO)
02 Aug 2021 8.412% 11,140.50