Forex Trail – 21 May 2012

Below is a comparison of the performance of the Kenya Shilling over the last two trading sessions, Friday the 18th and Thursday the 17th:

 

Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF
Date 17/05/2012 84.3875 134.2753 107.5402 10.191 29.3884 18.747 7.1399
18/05/2012 84.4528 133.0353 106.9623 10.0195 29.3301 18.7562 7.1995

 

As we can see the Kenya Shilling continued to weaken against the US Dollar. It however strengthened against the Sterling Pound, the Euro, the South African Rand and the Ugandan Shilling.

In today’s trading we will continue to observe the trend the Kenya Shilling will take against the dollar and see whether the measures taken by the Central Bank of Kenya (CBK) last week will have an effect on the shilling.

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