Doha: Deposit rates at opening, as issued on Thursday by Qatar National Bank (QNB), reveal the latest interest rates for several major currencies. The rates are distributed across different time periods, including one month (1M), two months (2Ms), three months (3Ms), six months (6Ms), and twelve months (12Ms).
According to Qatar News Agency, the deposit rates for the US Dollar (USD) start at 3.67306% for a one-month term, slightly decreasing through the twelve-month term, which stands at 3.50560%. The Japanese Yen (JPY) shows an upward trend with the one-month rate at 0.70000%, peaking at 1.07000% for the twelve-month deposit. Swiss Franc (CHF) rates remain in the negative territory, beginning at -0.09000% for one month and slightly improving to -0.08000% over twelve months. The British Pound (GBP) starts at 3.62000% for one month, reaching up to 3.87000% for twelve months.
For regional currencies, the Qatari Riyal (QAR) offers a one-month deposit rate of 4.10000%, decreasing to 3.75000% over a twelve-month period. The Saudi Riyal (SAR) maintains a consistent rate of 4.30000% from two months to twelve months. The UAE Dirham (AED) shows a rise from a starting rate of 2.05000% for one month to 3.15000% for twelve months. Meanwhile, the Bahraini Dinar (BHD) begins at 4.60000% for one month, falling slightly to 4.10000% by twelve months.