Shilling steady against the dollar ahead of festive season

At the opening of the currency market on Tuesday, the Kenyan shilling barely moved, with traders expecting the local currency to stay in a tight range against the dollar in the build-up to the traditionally quiet Christmas season.

Commercial banks posted the shilling at 102.15 buying, 102.25 selling, according to Reuters.

According to the Central Bank of Kenya, the Kenyan currency is exchanging at an indicative rate of 102.08 buying, 102.27 selling to the dollar.

It is trading at 107.98 buying, 108.22 selling to the euro and at 153.48 buying, 153.81 selling to the British Pound Sterling.

Against its regional counterparts, the Kenyan shilling is exchanging at 7.24 buying, 7.34 selling to the Rwandese Franc, 21.11 buying, 21.25 selling to the Tanzanian shilling and at 32.70 buying, 32.86 selling to the Ugandan shilling.

 

 

Tags:

shilling festive season dollar Forex Money markets

Want to send us a story? Submit on Wananchi Reporting on the Citizen Digital App or Send an email to wananchi@royalmedia.co.ke or Send an SMS to 25170 or WhatsApp on 0743570000

Leave a Comment

Comments

No comments yet.

latest stories