What are LIBOR Rates?
LIBOR rates are actually interest rates that are used by financial institutions in London on loans between banks. Banks worldwide use this rate as a benchmark in determining their own interest rates in reference to their lending. Many people refer to the rate as an indicator of economic growth, so if you are running a financial website, it is wise to provide the rate to visitors that are financially knowledgeable and desire to know what the rate is each day. The rate may change daily, so it would be quite a task to keep it updated all the time. I normally do not recommend using data from other sites on your websites, but financial data is an exception. If you wish to provide such rates, it is advisable to have them fed into your site by a RSS feed. That way, you won't have worry about the rates being kept updated. **Click Here for Tips on Where to Get Free Financial Website Content** Usually it is not advisable to use free website content from other websites; however, when it comes to financial content such as interest rates and stock quotes it won't hurt your search engine ranking to have the rates fed in. It not like it is a page of data or text; it is really just a number. Providing an updated number all the time to financial gurus is likely to make your website a favorite for repeat visits. Repeat visitors and referrals are a great way to increase your website traffic and if you offer such rates, you are likely to get several incoming links just for that variable.
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