Doha: Deposit rates at the opening as issued on Sunday by Qatar National Bank (QNB) reveal the current standing for various major currencies. The rates set the foundation for financial activities and decisions concerning deposits in Qatar.
According to Qatar News Agency, the rates for USD deposits are as follows: for one month, the rate is 4.32887%; for two months, it is 4.30973%; for three months, it stands at 4.29058%; for six months, it is 4.14083%; and for twelve months, the rate is 3.88362%. For the Japanese Yen (JPY), the rate remains steady at 0.35000% for the one, two, and three-month tenures, with a slight increase to 0.36000% for six months and 0.60000% for twelve months.
The Swiss Franc (CHF) deposit rates are negative, with -0.15000% for one month, -0.11000% for two months, -0.14000% for three and six months, and -0.03000% for twelve months. The British Pound (GBP) rates are 4.21000% for one month, 4.15000% for two months, 4.19000% for three and six months, and 4.16000% for twelve months.
For the Qatari Riyal (QAR), Saudi Riyal (SAR), UAE Dirham (AED), and Bahraini Dinar (BHD), the rates vary as well. The QAR rates start at 4.85000% for one month, decreasing to 4.75000% for two months, 4.65000% for three months, 4.60000% for six months, and 4.50000% for twelve months. The SAR rates are 4.90000% for one month, 5.00000% for two months, 5.10000% for three and six months, and 5.05000% for twelve months.
The AED rates begin at 2.05000% for one month, increasing to 2.15000% for two months, 2.40000% for three months, 2.85000% for six months, and 3.15000% for twelve months. The BHD rate remains constant at 5.00000% for one, two, three, and six months, with a decrease to 4.50000% for twelve months.