Forex Trail – 8 May 2012

Below is a table comparing the mean rate at which the Kenya shilling has been trading against regional and major international currencies. The currencies are those of Friday 4th May 2012 and yesterday, Monday 7th May 2012.

CURRENCY

DATE US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF
Friday 4th May 2012

83.2806

109.5122

134.8059

10.7619

29.5388

19.0201

7.2887

Monday 7th May 2012

83.2703

108.171

134.8059

10.5687

29.5425

19.0225

7.2356

The Kenya shilling strengthened against major world currencies, gaining 0.012%, 0.015% and 1.795% against the US Dollar, the Euro and the South African Rand repsectively. The Kenya shilling traded at KES 134.8059 against the Sterling Pound, the exact same as on Friday. Importers thereby had some respite, paying slightly less for imports while exporters had their gains marginally wiped off in yesterday’s trading. The Kenya shilling maintained the momentum against regional currencies, gaining 0.0125% against the Uganda shilling and 0.0126% against the Tanzania shilling. The Rwanda Franc however stood its ground against the Kenya shilling, the shilling slipping 0.7285% versus the Rwanda Franc.

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