Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) have been announced, showcasing the rates for multiple currencies. The bank provided detailed rates for several major currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD in Qatar show a slight decrease over longer periods, with a 1-month rate at 4.32850, gradually decreasing to 4.06812 for a 12-month deposit. The JPY rates start at 0.30000 for 1-month deposits and increase to 0.60000 for 12-month deposits, indicating a rising trend for this currency.

The deposit rates for the Swiss Franc (CHF) are predominantly negative, starting at -0.05000 for 1-month and fluctuating slightly across other terms. Meanwhile, the British Pound (GBP) shows a positive trend, with rates beginning at 4.18000 for 1-month and peaking at 4.41000 for 3-month deposits before adjusting to 4.35000 for 12-month deposits.

For local and regional currencies, the Qatari Riyal (QAR) starts at 4.85000 for a 1-month deposit, gradually decreasing to 4.50000 for a 12-month deposit. The Saudi Riyal (SAR) shows a slightly higher rate for shorter terms, starting at 4.90000 for 1-month and decreasing to 4.80000 over 12 months. The UAE Dirham (AED) begins at 2.05000 for 1-month deposits and increases to 3.15000 for 12-month deposits, showing a gradual rise over time. Lastly, the Bahraini Dinar (BHD) starts with the highest rate at 5.28000 for 1-month deposits, decreasing to 4.71000 for 12-month deposits.

These rates reflect the current economic conditions and market trends, providing valuable information for investors and depositors looking to maximize their returns on deposits with Qatar National Bank.