The Kenya shilling has had another good week against the US dollar, sustaining the appreciation trajectory for the sixth week. CBK governor Kamau Thugge (r) and the legal tender for the Kenyan currency. After the Eurobond loan, scheduled for repayment in June this year, was repurchased, the Kenyan shilling began a trend of appreciation against the US dollar. According to the weekly disclosures by the Central Bank of Kenya (CBK), the Kenya shilling further appreciated in value against the US dollar in the week ending March 28 compared to the week that ended on March 21. “The Kenya Shilling remained stable against major international and regional currencies during the week ending March 28. It exchanged at KSh 131.80 per US dollar on March 28, compared to KSh 133.07 per US dollar on March 21,” said CBK in the latest bulletin. How much is the value of Kenya shilling compared to Uganda Shilling? As highlighted by the CBK, the Kenya shilling has gained significantly against the regional currencies. On Friday, March 29, the Kenya shilling recorded its highest value against the Uganda shilling (UGX) in over 12 months, trading at UGX 29.453, while the lowest value was recorded at UGX 23.331 per Kenyan shilling on January 25, 2024. The chart below shows the historical data on the value of the KSh compared to the UGX over 12 months as collected by Exchange-rates.org. This chart shows data from 2023-3-30 to 2024-3-29. The average exchange rate over this period was 25.902 Uganda Shillings per Kenyan Shilling. Source: Exchange-rates.org. Source: UGC How much is the value of Kenya shilling compared to Tanzania Shilling? On March 28, 2024, the Kenya shilling’s rate peaked at 19.472 Tanzanian Shillings (TZS), while its lowest point over the past 12 months was recorded at TZS 15.382 per Kenyan Shilling on January 25, 2024. The chart below shows the historical data on the value of the KSh compared to the TZS over 12 months as collected by Exchange-rates.org.
by Elijah Ntongai