ReutersReuters

Kenya's shilling slips to fresh record low due to increased demand

Kenya's shilling weakened to a new all-time low on Friday due to rising demand for dollars from oil and manufacturing companies and other importers, traders said.

At 0703 GMT, commercial banks quoted the shilling at 122.30/50 per dollar, a new low according to data from Refinitiv, compared with Thursday's closing rate of 122.15/35.

The shilling, which is down 7.5% against the dollar so far this year, has breached a series of all-time lows in recent months mainly due to the strengthening of the dollar.

USDKES, (KES1=)Shilling spot rates
(KESF=), (0#KESF=)Shilling forward rates
EURKES, (KESX=), (KESX1=)Cross rates
USDKESLocal contributors
(CBKINDEX)Central Bank of Kenya Index
(KE/DEBT)Kenyan Bonds contributor pages
(CBK03), (CBK06), (KE3MTB=)Treasury bill yields
(CBK04)Central bank open market operations
(CBK07)Horizontal repo transactions
(KEIBR=), (CBK02)Daily interbank lending rate
(0#KETSYSTR=)Kenya Bond pricing
(.NSE20) NSE-20 Share Index
(.NSE25) NSE-25 Share Index
(.NASI) NSE All Share Index
(.FTFNKEN1) FT NSE Kenya 15 Index
(.FTFNKEN2) FT NSE Kenya 25 Index

SPEED GUIDES:

(REUTERS), (KES/1), (KE/DEBT), (MONEY)

(KE/EQUITY)

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