Doha: Deposit rates at the opening as issued on Sunday by Qatar National Bank (QNB) are showing varied figures across different currencies, reflecting the current financial climate and interest rate trends. The rates are categorized by the duration of the deposit, ranging from one month to twelve months, and are available for a number of major currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for the US Dollar (USD) start at 4.02374% for a one-month deposit, decreasing to 3.46845% for a twelve-month deposit. The Japanese Yen (JPY) shows a different trend with rates starting at 0.35000% for one month and increasing to 0.80000% for twelve months. For the Swiss Franc (CHF), the deposit rates are negative, starting at -0.18000% for one month and improving slightly to -0.04000% for a twelve-month duration.

The British Pound (GBP) has a more stable rate progression, beginning at 3.97000% for one month and peaking at 4.10000% for both three and six months, before slightly reducing to 4.02000% for a twelve-month deposit. Meanwhile, for the Qatari Riyal (QAR), the rates are higher, starting at 4.60000% for one month and tapering to 4.10000% for twelve months.

In the regional currencies, the Saudi Riyal (SAR) and Bahraini Dinar (BHD) show a similar pattern with initial rates of 5.00000% and 5.03000% respectively for one-month deposits, eventually declining to 4.55000% and 4.54000% for twelve-month deposits. The United Arab Emirates Dirham (AED) starts at 2.05000% for a one-month deposit, increasing to 3.15000% for a twelve-month deposit.

These rates reflect the dynamic nature of the global and regional financial markets and provide insights into the economic strategies employed by Qatar National Bank to attract deposits and manage liquidity.