Doha: Qatar National Bank (QNB) has released its latest deposit rates for various currencies, effective from Monday. These rates provide insights into the financial landscape for both local and international investors looking to capitalize on their deposits in Qatar.

According to Qatar News Agency, the deposit rates for USD, JPY, CHF, and GBP vary across different tenures, with the 1-month USD rate set at 3.67812 and the 12-month rate at 3.62292. The JPY rates start at 0.70000 for 1-month deposits and rise to 1.00000 for those wishing to lock in their funds for 12 months. Meanwhile, the CHF rates show an upward trend from -0.20000 over 1 month to a positive 0.20000 for a 12-month deposit. The GBP rates remain consistently higher, starting at 3.81000 for 1-month and reaching 4.30000 for a 12-month term.

For regional currencies, the QAR deposit rate begins at 4.10000 for a 1-month period, with a slight decline to 3.72500 for 12 months. The SAR rates start at 4.50000 for a 1-month deposit and remain steady at 4.30000 for longer tenures. The AED rates show an initial 1-month rate of 2.05000, increasing to 3.15000 for 12 months, whereas the BHD rates start at 4.55000 and decrease to 4.20000 at the 12-month mark.

These rates reflect the current financial strategy of QNB as it adjusts to global and regional economic conditions, offering varied options for depositors to maximize their returns over different time periods.