Forex Trail – 24 May 2012

Below is a table comparing the performance of the Kenya Shilling against the major international currencies as well as the currencies of our neighbouring countries in the last two trading days, Tuesday 22nd May and Wednesday 23rd May 2012.

Currency

Date US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF
Tuesday 22 May 2012

84.9572

108.6259

134.3231

10.3275

29.1324

18.6919

7.092

Wednesday 23 May 2012

85.1625

107.8571

134.1063

10.1899

29.0739

18.6703

7.0749

The Kenya Shilling continued its negative run against most of the currencies under our observation. To the anguish of importers, the Kenya Shilling continued its slide against the US Dollar, down 0.242% against the greenback. The Kenya Shilling however recorded a slight gain against the Euro, up 0.708% versus the European currency. The Kenya Shilling lost 0.161% and 1.332% against the Sterling Pound and the South African Rand yesterday.

Regionally, the Kenya Shilling faired fairly badly, losing 0.201% against our biggest trading partners in the regions Uganda. The Kenya Shilling lost 0.116% versus the Tanzania Shilling and 0.24% against the Rwanda Franc.

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