Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) have shown varied levels across different currencies, reflecting the current economic climate and market conditions. These rates are crucial for individuals and businesses looking to make informed decisions regarding their financial investments.
According to Qatar News Agency, the deposit rates for the US Dollar (USD) begin at 3.57888% for a one-month term and increase to 3.85871% for a twelve-month term. The Japanese Yen (JPY) holds steady at 0.70000% for one and two-month terms, rising to 1.22000% for twelve months. Meanwhile, the Swiss Franc (CHF) starts at -0.19000% for one month, moving to 0.15000% for a twelve-month term. The British Pound (GBP) offers rates beginning at 3.73000% for one month, reaching 4.52000% for a twelve-month tenure.
In the Middle Eastern currencies, the Qatari Riyal (QAR) shows a one-month rate of 4.03427%, which decreases to 3.75000% for twelve months. The Saudi Riyal (SAR) maintains a consistent rate of 4.30000% for two, six, and twelve-month terms but starts at 4.50000% for one month. The UAE Dirham (AED) sees rates beginning at 2.05000% for a one-month term, increasing to 3.15000% for twelve months. The Bahraini Dinar (BHD) starts at 4.60000% for one month, adjusting to 4.10000% for a twelve-month term.
These rates by QNB are indicative of the current monetary environment and provide a comprehensive view for investors and depositors considering their financial strategies.