Forex Trail – 10 May 2012

Below is a table comparing the exchange rate movements between the Kenyan shilling and the major international currencies and the currencies of neighbouring countries in yesterday’s trading against the trading in the previous session.

CURRENCY

DATE US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF
Tuesday 8th May

83.2831

134.7159

108.5593

10.6367

29.7781

18.9835

7.2345

Wednesday 9th May

83.2958

134.4613

108.0969

10.4668

29.7975

18.9806

7.2333

From the above, it is evident that the Kenya shilling had a good day, strengthening against most major currencies. Despite this, the Kenya shilling weakened against the US Dollar, down 0.015% with Kenyans having to pay slightly more for the greenback. The Kenya shilling however strengthened against the Sterling Pound, Euro and South African Rand, up 0.189%, 0.090% and 1.597% respectively. Regionally, the Kenya Shilling gained against our Ugandan neighbours with each Kenya Shilling giving a mean of 29.795 Uganda shillings, a 0.1824% gain. The Kenya Shilling slipped slightly against the Tanzania one, down 0.0125% and continued the negative trend with the Rwanda Franc, losing 0.017% with each Kenya shilling trading for 7.2333 Rwanda Francs.

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