Currency Deposits by Country

Currency Deposits by Country

CountryInflationGDPPopulationInterest RateChangeCurrencyLast Updated
Argentina27.6%15,85442,669,50021.90% - ARSSep 2016
Ukraine49%6,665*42,977,36721.00% - UAHSep 2016
Uzbekistan11%$3,76230,492,80020.00% - UZSSep 2016
Mongolia8.3%4,7442,982,86115.10% - MNTOct 2016
Iran15.3%12,258***77,895,30015.00% - IRROct 2016
Azerbaijan2.4%9,552,50015.00% - AZNSep 2016
Uganda4.9%1,30536,600,00013.00% - UGXSep 2016
Armenia6.2%5,3923,009,80011.00% - AMDSep 2016
Kazakhstan5.8%14,39117,353,70010.5% - KZTAug 2016
Myanmar8.9%132751,419,42010.00% - MMKOct 2016

Foreign Currency Deposit Rates

While local deposit rates which can be denominated in national and foreign currencies are set by banks they are highly influenced by several factors outside of their control. These include but are not limited to inflation in an economy, competition, regulation/liquidity requirements as well as central bank policies. Central banks across the world set monetary policies accordingly to effectively improve an economy whether it is to cool them down or set policies for expansion. Different economies may be expansion while others contracting as gains and losses in trade impact economies. 

Economies in recession can be likely to set interest rates low with corresponding deposit yields being low, high performing economies may push rates high to cool down economies from overheating or alternatively rates may be forced higher because of rampant inflation. The following deposit rates indicate bank forecasts and policies which generally correspond with the associated central bank policies.

Highest Foreign Currency Account Rates by Deposit Interest Rates