Abacus Wealth Management

Forex Trail – 7 June 2012

Below is a table showing the performance of the Kenya Shilling against major international currencies as well as the currencies of our neighbouring countries in the last two sessions, Tuesday 5 and Wednesday 6 May 2012.

Currency US Dollars Euro Sterling Pounds SA Rand KES/USHS KES/TSHS KES/RWF
Date 05/06/2012 86.1167 106.8906 132.3502 10.0089 29.1235 18.4519 6.9964
06/06/2012 85.6486 107.1031 132.1706 10.2296 29.0724 18.5527 7.0347

As it is evident, the Kenya shilling remarkably improved against the US Dollar gaining 0.5465% to trade on average at KES 85.6486 per US Dollar. The shilling however slipped against the Euro to trade at KES 107.1031. Against the Sterling Pound the Kenya Shilling gained 0.13588% to trade at KES 132.106. The shilling depreciated against the SA Rand, the Tanzanian Shilling and the Rwandan Franc.

In today’s trading we will observe the Kenya Shilling’s performance against the US Dollar to see whether it stabilises around the KES 85.5 per dollar mark.

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