Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) have been announced, providing insights into the current financial climate for various currencies. The deposit rates cover a range of time periods from one month to twelve months, offering valuable information for investors and financial analysts.
According to Qatar News Agency, the deposit rates for the USD are as follows: for a 1-month deposit, the rate is 3.67119; for 2 months, it is 3.67020; for 3 months, it is 3.66920; for 6 months, it is 3.63370; and for a 12-month deposit, the rate is 3.52641. The Japanese Yen (JPY) shows a steady rate of 0.60000 for 1 month and 2 months, slightly increasing to 0.65000 for 3 months, 0.70000 for 6 months, and 0.85000 for a 12-month deposit.
For the Swiss Franc (CHF), the rates are in the negative range, with a 1-month deposit at -0.27000, 2 months at -0.25000, 3 months at -0.20000, 6 months at -0.01000, and a slight increase to -0.02000 for a 12-month deposit. The British Pound (GBP) shows a 1-month deposit rate of 3.64000, increasing to 3.80000 for 2 months, 3.75000 for 3 months, 3.79000 for 6 months, and 3.85000 for a 12-month deposit.
In the local currency Qatari Riyal (QAR), the 1-month deposit rate is 4.08500, 4.03500 for 2 months, 3.98500 for 3 months, 3.90000 for 6 months, and 3.75000 for a 12-month deposit. The Saudi Riyal (SAR) rates start at 4.50000 for a 1-month deposit, decrease to 4.30000 for 2, 6, and 12 months, and slightly increase to 4.40000 for a 3-month deposit.
For the UAE Dirham (AED), the rates are as follows: 2.05000 for 1 month, 2.15000 for 2 months, 2.40000 for 3 months, 2.85000 for 6 months, and 3.15000 for a 12-month deposit. Lastly, the Bahraini Dinar (BHD) rates start at 4.54000 for a 1-month deposit, decrease to 4.43000 for 2 months, 4.40000 for 3 months, 4.36000 for 6 months, and further decrease to 4.27000 for a 12-month deposit.
These rates provide a comprehensive view of the financial landscape in Qatar, indicating trends and potential investment opportunities in various currencies.