Forex Trail – 23 May 2012

Below is a comparison of the performance of the Kenya shilling against major global and regional currencies over the last two trading periods; Tuesday 22nd and Monday 21st May 2012:

Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF
Date 21/05/2012 84.4639 133.8243 108.1141 10.2041 29.2679 18.7433 7.125
22/05/2012 84.9572 134.3231 108.6259 10.3275 29.1324 18.6919 7.092

 

As we can observe the Kenya shilling continued weakening against the US Dollar (0.584%), the Sterling Pound (0.3727%), and the Euro (0.4733%). The Shilling also weakened against the South African Rand (1.2093%). However, it strengthened against the Ugandan, Tanzanian and Rwandan currencies by 0.5158%, 0.2742% and 0.4631% respectively.

This mixed performance of the shilling is a continuation of the pattern observed last week.

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