Abacus Wealth Management

Forex Trail – 28 May 2012

Below is a table comparing the performance of the Kenya shilling over the last two trading days, Thursday 24th May 2012 and Friday 25th May:

Currency

Date US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF
Thursday 24 May 2012

85.2558

107.227

133.6428

10.1567

29.2063

18.6381

7.0671

Friday 25 May 2012

85.3153

106.9232

133.5134

10.184

29.186

18.6368

7.0621

The Kenya Shilling continued its fall last week, losing points against the major international currencies and those of our neighbouring countries. The Shilling lost 0.0698% against the US Dollar to close the week trading at KES 85.3135 on average against the greenback. The Kenya Shilling lost 0.0968% and 0.2688% versus the Sterling Pound and the SA Rand. The Kenya Shilling expectedly gained against the Euro, up 0.2833% against the European currency in Friday’s trading.

The Kenya Shilling dropped 0.0695% against the Uganda Shilling and 0.071% versus the Rwanda Franc. The Tanzania Shilling however lost ground against the Kenya Shilling, the local currency gaining 0.007% against our neighbours.

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