Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) are as follows. According to Qatar News Agency, the deposit rates expressed in USD start at 3.66603 for 1 month, slightly decreasing to 3.65880 for 2 months, and further to 3.65156 for 3 months. The 6-month deposit rate is 3.58650, while the 12-month rate is at 3.41317.
For other currencies, the JPY rates are 0.70000 for 1 month, declining to 0.56000 for 2 months, and then rising slightly to 0.64000 for 3 months. The 6-month rate is at 0.80000, with a 12-month rate of 1.07000. CHF rates are negative, beginning at -0.09000 for 1 month and decreasing over time with -0.10000 for 2 months and -0.11000 for 3 months, before slightly improving to -0.02000 for 6 months, and -0.07000 for 12 months.
The GBP rates begin at 3.62000 for 1 month, increasing to 3.72000 for 2 months, before decreasing to 3.61000 for 3 months. The 6-month rate is 3.64000, and the 12-month rate climbs to 3.76000.
For QAR, the 1-month rate is 4.00000, adjusting to 3.90000 for both 2 and 3 months, then slightly decreasing to 3.85000 for 6 months, and finally to 3.75000 for 12 months. SAR rates start at 4.50000 for 1 month and gradually decrease to 4.30000 over the following months, maintaining this rate through to 12 months.
AED starts at 2.05000 for 1 month, increases to 2.15000 for 2 months, and then shows a steady increase to 2.40000 for 3 months, 2.85000 for 6 months, and 3.15000 for 12 months. BHD rates are highest at 4.55000 for 1 month, decreasing to 4.48000 for 2 months, and then to 4.44000 for 3 months. The 6-month rate is 4.38000, and the 12-month rate further declines to 4.26000.