Doha: Qatar National Bank (QNB) has released its latest deposit rates for various major currencies, effective as of Sunday. These rates, segmented by duration, provide insight into the financial landscape and interest offerings available for both local and international investors.

According to Qatar News Agency, the deposit rates for the USD start at 3.66738 for a one-month deposit, with a gradual increase to 4.02612 for a twelve-month term. In contrast, the Japanese Yen (JPY) sees a one-month deposit rate of 0.74000, which rises to 1.35000 over a year. The Swiss Franc (CHF) begins with a negative rate of -0.19000 for a one-month deposit, eventually reaching 0.20000 for a twelve-month term. The British Pound (GBP) offers a rate of 3.70000 for a one-month deposit, climbing to 4.35000 for a twelve-month duration.

For regional currencies like the Qatari Riyal (QAR), the one-month deposit rate is set at 4.04200, decreasing slightly to 3.75000 for a twelve-month term. The Saudi Riyal (SAR) has a consistent rate of 4.30000 for deposits ranging from two to twelve months. The UAE Dirham (AED) starts at 2.05000 for a one-month deposit, increasing to 3.15000 for a twelve-month period. Lastly, the Bahraini Dinar (BHD) offers a rate of 4.57000 for a one-month deposit, peaking at 4.88000 for a twelve-month commitment.

These rates reflect the current economic strategies and market conditions influencing deposit offerings in Qatar and the broader region. Investors and financial analysts will closely monitor these changes to assess potential impacts on investment strategies and economic forecasts.