Doha: Deposit rates at the opening as issued on Tuesday by Qatar National Bank (QNB) have been detailed, providing insights into the current financial landscape.
According to Qatar News Agency, the rates for various currencies including USD, JPY, CHF, and GBP have been released alongside rates for regional currencies such as QAR, SAR, AED, and BHD.
The deposit rates for USD show a decline over longer terms with the 1-month rate at 4.33565, gradually decreasing to 3.96143 for a 12-month term. This trend is similarly observed in the Japanese Yen (JPY), where the 1-month rate is at 0.35000, increasing slightly to 0.55000 over 12 months. The Swiss Franc (CHF) presents negative rates starting at -0.19000 for 1 month and moving to -0.06000 for a 12-month term. The British Pound (GBP) rates begin at 4.14000 for 1 month and see a slight rise to 4.25000 for a 3-month term before settling at 4.13000 over a year.
For regional currencies, the Qatari Riyal (QAR) begins at 4.85000 for a 1-month deposit, falling to 4.50000 by the 12-month mark. The Saudi Riyal (SAR) rates start at 4.90000 for 1 month, increasing to 5.10000 for both 3 and 6 months, before slightly dropping to 5.05000 for 12 months. The UAE Dirham (AED) sees a steady increase from 2.05000 for 1 month to 3.15000 for 12 months. The Bahraini Dinar (BHD) rates start at 5.30000 for 1 month and decrease to 4.85000 over 12 months.