Forex Trail – 18 May 2012

Below is a table comparing the performance of the Kenya Shilling against the major international currencies and the currencies of our regional counterparts in the last two days, Wednesday 16th and Thursday 17th May 2012.

Currency

Date US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF
Wednesday 16th May 2012

84.1417

134.3425

107.0125

10.0925

29.5931

18.7661

7.2261

Thursday 17th May 2012

84.3875

134.2753

107.5402

10.191

29.3884

18.747

7.1399

The Kenya Shilling had a bruising in yesterday’s currency trades. The Kenya Shilling lost value against most major currencies under our observation, losing 0.292% against the US dollar to continue slipping against the greenback this week. The Kenya Shilling also lost ground against the Euro and the SA Rand, down 0.493% and 0.976% respectively. The Kenya Shilling however made some progress versus the Sterling Pound, up 0.05% with 1 Sterling Pound trading for a mean of KES 134.2753.

The Kenya Shilling also lost ground against the currencies of our East African neighbours, down 0707% and 0.155% against the Uganda Shilling and the Tanzania Shilling respectively. The Rwanda Franc gained against the Kenya Shilling, our local currency losing 1.193% versus the Rwandan currency.

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