This Monday, the US Dollar is being bought at 131.29 shillings and sold at 131.49 shillings according to the rates issued by the Central Bank of Kenya. Against the Pound, one is going for 160.33 shillings buying and selling at 160.63 shillings.
The Euro is selling at 141.34 shillings and buying at 141.07 shillings.
Here are the rates for major currencies today:
The Kenya Shilling depreciated by 1.1 percent against the US dollar to close the week at 131.3 shillings from 129.9 shillings recorded the previous week.
The depreciation of the shilling during the week was partly attributable to increased dollar demand from manufacturers and importers, especially oil and energy sectors against a slower supply of hard currency.
On a year-to-date basis, the shilling has depreciated by 6.4 percent against the dollar, adding to the 9.0 percent depreciation recorded in 2022.
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