Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) have been made available, detailing fluctuations across various currencies and time frames. The latest rates reflect the changes in financial markets and provide insight into the current economic climate in Qatar.

According to Qatar News Agency, the deposit rates are categorized by currency and duration. For USD deposits, the rates range from 3.65471% for a 1-month deposit to 3.70267% for a 12-month deposit. Japanese Yen (JPY) deposits are consistent at 0.70000% for 1, 2, and 3 months, but increase to 0.85000% and 1.10000% for 6 and 12 months, respectively.

Swiss Franc (CHF) deposits show a progression from -0.16000% for a 1-month period to 0.16000% over 12 months. In contrast, the British Pound (GBP) exhibits a more significant rise from 3.66000% for a 1-month deposit to 4.55000% for a 12-month duration.

For local and regional currencies, the rates also vary. Qatari Riyal (QAR) starts at 4.06930% for 1 month, decreasing to 3.91675% for a 12-month deposit. Saudi Riyal (SAR) maintains a steady rate of 4.30000% for 2, 3, 6, and 12 months, while the UAE Dirham (AED) rates increase from 2.05000% for 1 month to 3.15000% for a 12-month deposit. The Bahraini Dinar (BHD) shows a gradual decrease from 4.60000% for 1 month to 4.10000% over a 12-month period.

These rates are indicative of the broader economic trends and policy decisions impacting Qatar's banking sector, with fluctuations reflecting both global and regional financial dynamics.