Forex Market Report, 25th May 2015

On Friday, the shilling broke through the 97 shillings mark to the Dollar as importers bought Dollars to meet end-month obligations.

According to the Central Bank of Kenya, the Kenyan currency is exchanging at an indicative rate of 97 shillings and 29 cents buying, 97 shillings and 48 cents selling to the Dollar.

To the Euro, the shilling is trading at 106.87 buying, 107.10 selling while exchanging at 150.56 buying, 150.87 selling to the Sterling Pound.

Against its regional counterparts, the home unit is trading at 7.02 buying, 7.12 selling to the Rwandese Franc, 20.99 buying, 21.14 selling to the Tanzanian shilling and at 30.72 buying, 30.88 selling versus the Ugandan shilling.