Below is a table comparing the performance of the Kenya Shilling against major international and regional currencies over the last two trading days; Tuesday 29^th and Wednesday 30^th May 2012.

As we can see the shilling continued its downward trend against the US Dollar, dropping by 0.65554%. The shilling also dropped in value against the Sterling Pound and the South African Rand.  However, it appreciated against the Euro, the Ugandan Shilling, the Tanzanian Shilling and the Rwanda Shilling.

Yesterday, it was announced that the inflation rate has dropped in the month of May to 12.22% from 13.06% in April. Today we will observe to see whether this will have any effect on the performance of the Kenya Shilling.