Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) have been released, providing detailed insights into the current financial landscape for various currencies. The rates encompass a range of durations, from 1 month to 12 months, and cover currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 4.33154% for a 1-month term and gradually decrease to 3.76227% for a 12-month term. Meanwhile, JPY rates begin at 0.30000% for 1 month and increase to 0.60000% for 12 months. For CHF, the rates fluctuate slightly, with a negative rate of -0.02000% for 1 month and a consistent 0.05000% for both 2-month and 12-month terms.

GBP deposit rates show a slight increment over the different terms, starting at 4.14000% for 1 month and peaking at 4.30000% for 3 months before slightly decreasing again. For the local currency QAR, rates begin at 4.85000% for a 1-month term, gradually lowering to 4.45000% by the 12-month mark.

SAR and AED rates follow a similar trend, with initial rates of 4.90000% and 2.05000% for 1 month, respectively, and showing a slight decrease over the longer terms. BHD rates begin at 5.20000% for 1 month, ending at 4.59000% for a 12-month duration.

These updated deposit rates provide critical information for investors and account holders, reflecting the current economic conditions and offering guidance for financial planning in the region.