The Kenyan shilling was trading at an average of 100.53 to the dollar across 10 Kenyan commercial banks on Wednesday, a drop from 100.29 shillings to the dollar recorded on Tuesday.
ABC Bank was buying the dollar at 100.50 shillings and selling it at 100.70 shillings, a margin of 0.20 shillings. Equity Bank Group and I & M Bank bought the dollar at 100.55 shillings and sold it at 100.75 shillings, a margin of 0.20 shillings.
Diamond Trust Bank bought the US dollar on 100.51 shillings and sold it at 100.71 shillings. NIC, ECOBANK, and Kenya Commercial Bank bought the dollar at 100.55 shillings each and sold it at 100.75 shillings, same as Equity and I & M.
Prime Bank and CFC Stanbic Bank bought the dollar at 100.40 and 10.55 shillings and sold it at 100.60 and 100.75 shillings respectively.
Family Bank, on the other hand, bought the dollar at 100.50 shillings and sold it at 100.70 shillings while Citi Bank bought the same at 10/55 shillings and sold it at 100.75 shillings.
CBA, National Bank, and Barclays Bank bought the dollar at 100.55, 100.50, 100.60 shillings respectively and sold it at 100.75, 100.70 and 100.80 shillings respectively. Co-operative Bank, on the other hand, bought the dollar at 100.55 shillings and sold it at 100.75 shillings.
The margin across all banks on Wednesday stood at 0.20 shillings.