Abacus Wealth Management

Forex Trail – 14 May 2012

Below is a table of the movements between the Kenya shilling and other major international and regional currencies over the last two trading sessions (Thursday 10th May 2012 and Friday 11th May 2012):

Currency

Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF
Thursday 10 May 2012

83.3972

134.6141

108.0031

10.4418

29.8572

18.8856

7.2247

Friday 11 May 2012

83.6181

134.7856

108.0681

10.3925

29.6588

18.8776

7.2594

The Kenya shilling weekend against most currencies under our observation. The Kenya shilling weakened 0.2649% against the US dollar closing the week with importers having to pay a little more for imported goods over the weekend. The Kenya shilling also lost ground against the Sterling Pound and the Euro, down 0.1274% and 0.060% respectively. The Rand lost traction versus the local shilling, the Kenya shilling gaining 0.4721% against our South African counterparts.

The Kenya shilling lost some steam versus the Uganda shilling down 0.6645% over the two days but rebounded against the Tanzania shilling and Rwanda Franc, up 0.042% and 0.4803%

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