Forex Trail – May 7 2012

Below is a comparison of the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last trading sessions, Thursday 3rd May 2012 and Friday 4th May 2012:

Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF
Date 03/05/2012 83.4053 135.0438 109.6516 10.78 29.7944 19.0037 7.2779
04/05/2012 83.2703 134.2563 108.171 10.5687 29.5425 19.0225 7.2356

The Kenya Shilling marginally strengthened against the US Dollar, Sterling Pound, the Euro, the SA Rand, the Ugandan Shilling and the Rwandan Franc. It however marginally weakened against the Tanzanian Shilling.

In today's trading the Shilling is expected to strengthen marginally against the Euro as global markets respond to election results in Greece and France and the effect this change of guard will have on the entire EuroZone.

 

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