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 |
USDKES | Local 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)