Forex Trail – 9 May 2012

Below is a summary how the Kenya shilling traded against major global and regional currencies:

Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF
Date 07/05/2012 83.2703 134.8059 108.171 10.5687 29.5425 19.0225 7.2356
08/05/2012 83.2831 134.7159 108.5593 10.6367 29.7781 18.9835 7.2345

As we can see from the table above the Kenya Shilling marginally weakened against the US Dollar, the Euro, the South African Rand and the Ugandan shilling. It marginally strengthened against the Sterling Pound, the Tanzanian Shilling and the Rwandan Franc.

In today's trading it is expected that the Kenyan Shilling may continue to weaken against the US Dollar as demand for oil imports puts downward pressure on the Kenyan Shilling

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