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, Tuesday 15th and Wednesday 16th May 2012.
Currency | US Dollars | Sterling Pounds | Euro | SA Rand | KES/USHS | KES/TSHS | KES/RWF | |
Date | 15/05/2012 | 83.9469 | 135.1657 | 107.8491 | 10.2781 | 29.3996 | 18.8096 | 7.1774 |
16/05/2012 | 84.1417 | 134.3425 | 107.0125 | 10.0925 | 29.5931 | 18.7661 | 7.2261 |
As we can see the Kenya Shilling continued its losing trend against the US Dollar. In contrast our local currency gained against the Sterling Pound, the Euro, the South African Rand, the Ugandan Shilling, and the Tanzanian Shilling. It however marginally lost value against the Rwandan Franc.
Too somewhat understand why the Kenya Shilling is depreciating against the US Dollar read this.
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