Abacus Wealth Management

Forex Trail – 17 May 2012

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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