Currency Deposits by Country

Currency Deposits by Country

Country Inflation GDP Population Interest Rate Change Currency Last Updated
Uzbekistan 11% $3,762 30,492,800 20.00% - UZS Mar 2017
Ukraine 49% 6,665* 42,977,367 18.50% UAH Mar 2017
Argentina 27.6% 15,854 42,669,500 17.45% - ARS Mar 2017
Mongolia 8.3% 4,744 2,982,861 15.10% - MNT Mar 2017
Iran 15.3% 12,258*** 77,895,300 15.00% - IRR Mar 2017
Azerbaijan 2.4% 9,552,500 15.00% - AZN Mar 2017
Uganda 4.9% 1,305 36,600,000 13.00% - UGX Mar 2017
Georgia 4.1% 6,145 4,490,500 11.50% - GEL Mar 2017
Kazakhstan 5.8% 14,391 17,353,700 10.50% KZT Mar 2017
Myanmar 8.9% 1327 51,419,420 10.00% - MMK Mar 2017

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