The Kenya shilling weakened sharply against the US dollar, hitting a fresh low of 129. The depreciation has partly been…
Browsing: Kenya Shilling
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%
On a year-to-date basis, the shilling has depreciated by 7.6% against the dollar. This is higher than the 3.6% depreciation recorded in 2021.
The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in…
A weak shilling increases the cost of imports as more local currency units are now needed to exchange for the hard currencies used in the international markets.
The Kenya shilling in April slumped to an all-time low exchanging at 115.8 units against the dollar on increased dollar…