Kenyan Shilling Drops Further, Loses 0.11% Against The Dollar

Exchange Rate Performance

The Kenyan shilling has continued to weaken against the US dollar, losing 0.11 percent to close at 125.52 shillings (-1.74 percent year-to-date). This is the lowest the Kenyan shilling has ever fallen in history.

In some slightly good news, the local currency slightly strengthened against the Pound by 1.17 percent to close at 151.31 shillings (-1.92 percent year-to-date). It also strengthened against the Euro by 0.33 percent to close at 134.43 (-2.41 percent year-to-date).

Kenyan Stock Market

Total equity turnover edged up by 2.49 percent to close at USD 3.90 million (489.78 million shillings) compared to yesterday’s turnover of USD 3.81 million (477.89 million shillings). NSE 20 and NASI shed 0.04 percent and 0.15 percent to close at 1,676.47 and 127.66.

Foreign investors assumed a net selling position by accounting for 30.15 percent of total market purchases and 87.24 percent of total market sales.

Related Content: Shilling Plunges Further To The Lowest In History