Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) reveal specific rate offerings across various currencies, reflecting the bank's current market conditions and strategies. The released rates outline the deposit returns for different time frames including 1 month, 2 months, 3 months, 6 months, and 12 months for a range of global and regional currencies.

According to Qatar News Agency, the deposit rates for USD start at 4.35091% for a 1-month deposit and decrease progressively to 3.97632% for a 12-month deposit. For the Japanese Yen (JPY), rates commence at 0.40000% for a 1-month term and rise to 0.55000% for a 12-month term, indicating a steady increase over time.

The Swiss Franc (CHF) shows negative interest rates, beginning at -0.15000% for a 1-month deposit and gradually moving to -0.01000% for a 12-month period, reflecting the unique financial environment of Switzerland. Meanwhile, the British Pound (GBP) rates fluctuate slightly, beginning at 4.10000% for 1 month and peaking at 4.15000% for a 3-month deposit, followed by 4.12000% for a 12-month deposit.

For regional currencies, the Qatari Riyal (QAR) rates begin at 4.85000% for a 1-month deposit and decrease to 4.50000% for a 12-month period. The Saudi Riyal (SAR) starts at 4.90000% for a 1-month deposit, peaking at 5.10000% for both 3-month and 6-month terms, before slightly reducing to 5.05000% for a 12-month deposit.

The United Arab Emirates Dirham (AED) shows an upward trend from 2.05000% for a 1-month deposit, reaching 3.15000% for a 12-month term. Lastly, rates for the Bahraini Dinar (BHD) remain constant at 5.00000% for the first three terms and slightly reduce to 4.50000% for a 12-month deposit.

These rates reflect QNB's strategic positioning and offer a comprehensive view for investors looking to optimize their deposit returns in both international and regional currencies.