Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) reveal a comprehensive update on interest rates for multiple currencies. The latest rates indicate significant variations across different tenures and currencies, reflecting global economic trends and local financial strategies.

According to Qatar News Agency, the deposit rates in USD for varying tenures are as follows: for 1 month, it stands at 3.66484; for 2 months, the rate increases to 3.67354; for 3 months, it is set at 3.68223; for 6 months, the rate is 3.70002; and for 12 months, it reaches 3.73478. The Japanese Yen (JPY) maintains a steady rate of 0.70000 for 1 month, 2 months, and 3 months, with a slight increase for 6 months at 0.85000, and 12 months at 1.18000.

In terms of the Swiss Franc (CHF), the deposit rates begin at -0.29000 for 1 month, gradually improving to -0.12000 for 2 months, -0.08000 for 3 months, 0.02000 for 6 months, and culminating at 0.19000 for 12 months. The British Pound (GBP) shows a progressive rise from 3.66000 for 1 month to 4.64000 for 12 months.

For regional currencies, the Qatari Riyal (QAR) deposit rates start at 4.05000 for 1 month, decline slightly to 4.00000 for both 2 and 3 months, decrease to 3.90000 for 6 months, and further to 3.75000 for 12 months. The Saudi Riyal (SAR) rate is 4.50000 for 1 month, decreases to 4.30000 for 2, 3, and 6 months, and marginally increases to 4.30000 for 12 months. The rates for the UAE Dirham (AED) and Bahraini Dinar (BHD) also reflect similar trends across the specified tenures.