Below is a table showing the currency movements between the Kenya shilling and major international currencies as well as the currencies of our neighbouring countries over the last two trading days, Monday 14th and Tuesday 15th May 2012.
|
Currency |
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| Date | US Dollar | Sterling Pound | Euro | SA Rand | KES/USHS | KES/TSHS | KES/RWF |
| Monday 14th May 2012 |
83.6764 |
134.4478 |
107.8984 |
10.277 |
29.5425 |
18.8226 |
7.2004 |
| Tuesday 15th May 2012 |
83.9469 |
135.1657 |
107.8491 |
10.2781 |
29.3996 |
18.8096 |
7.1774 |
The Kenya shilling fell against 6 of the 7 currencies under our observation, with importers paying more for international goods over the last couple of days. The Kenya shilling shrunk 0.3233% against the US dollar making imports slightly more exoensive. This on the backdrop of fuel pump-price increases. The shilling slipped 0.5339% and 0.0107% versus the Sterling Pound and the SA Rand respectively. The shilling however breathed easy against the Euro, the Kenya shilling strengthening 0.0457%.
Against the Uganda shilling, the Kenya shilling shaved off 0.4837% of its value, with one Kenya shilling exchanging for 29.3996 Uganda Shillings. The Kenya shilling continued its slip-and-slide against the Tanzania shilling and the Rwanda Franc, dropping 0.0691% and 0.3194% respectively yesterday.
The Kenya shilling has now dropped for the sixth xonsecutive day versus the dollar, the longest downward streak in 9 months against the greenback.