Below is a summary of the Kenya Shilling’s performance against major foreign currencies so far this week:

Data from the Central Bank of Kenya indicates that this week has been stable for the Kenya Shilling, which has shown stable exchange rates against all the major currencies. Against the US dollar, the shilling has remained in the range of KES 84.10 and KES 84.20 for the past four days and within KES 131 and KES 103 against the Sterling Pound and Euro respectively.

Increased coffee supplies and tea prices at this week’s auction have been the reason for the shilling’s gain between yesterday and today, according to a Bloomberg news report.

Regionally, the shilling has for the past four days exchanged at the rate of 18.84 Tanzanian Shillings to 1 Kenya Shilling while the situation has been the same with the Ugandan Shilling which has exchanged at the same rate with the Kenya Shilling for all days except Monday.