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Boom! Kenyan Shilling Falls Again Against The US Dollar

BY Dyer and Blair · September 9, 2023 10:09 am

The Kenyan shilling has fallen again. The local currency hit the lowest in history against the US Dollar on Friday.

Exchange Rate Performance

  • USD|KES: KES weakened by 0.06% to close at 146.14 (-18.45% year-to-date).
  • GBP|KES: KES strengthened by 0.64% to close at 182.17 (-22.70% year-to-date).
  • EUR|KES: KES strengthened by 0.22% to close at 156.39 (-19.14% year-to-date).

Read Also: The Three Major Currencies: Time, Money, and Energy

30 years of SIB

Kenyan Stock Market

Total equity turnover rose by 40.78% to close at USD 1.58 MN (KES 230.87 MN) compared to yesterday’s turnover of USD 1.12 MN (KES 163.99 MN).

NSE 20 and NASI rose by 0.31% and 0.73% to close at 1,541.67 and 98.70 respectively.

Foreign investors assumed a net buying position by accounting for 52.62% of total market purchases and 41.09% of total market sales.

Read Also: The Power of Making Moves In Silence: Why It Matters In Making Money And Succeeding In Entrepreneurship

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