Doha: Deposit rates at the opening as issued on Wednesday by Qatar National Bank (QNB) reveal a comprehensive update on various currency deposits. The data provides a snapshot of how different currencies are performing in terms of deposit interest rates over different time periods.

According to Qatar News Agency, the deposit rates for USD start at 4.00162 for a one-month period and gradually decrease to 3.46731 for a twelve-month period. The Japanese Yen (JPY) shows a consistent rate of 0.40000 for the one and two-month periods, slightly increasing to 0.55000 for a twelve-month deposit.

The Swiss Franc (CHF) presents a negative deposit rate, beginning at -0.18000 for a one-month term, and reducing the negative rate to -0.04000 by the twelve-month term. In contrast, the British Pound (GBP) starts at 3.98000 for one month and peaks at 4.04000 for a six-month deposit before slightly reducing to 4.02000 for a twelve-month term.

For local and regional currencies, the Qatari Riyal (QAR) begins with a one-month rate of 4.60000, which decreases over time to 4.10000 for a twelve-month deposit. The Saudi Riyal (SAR) and Bahraini Dinar (BHD) display stability in their rates, with slight fluctuations noted in the Saudi Riyal over longer deposit terms. Meanwhile, the UAE Dirham (AED) shows a steady increase from a one-month rate of 2.05000 to a twelve-month rate of 3.15000.

These figures reflect the ongoing trends and variations in the financial markets, providing crucial insights for investors and depositors considering their options in Qatar’s banking environment.