Exchange Rate in Kenya
Kenya - Exchange Rate (average of period)
Kenyan shilling soars to 33-month high against the U.S. dollar
The Kenyan shilling (KES) shot up in value against the U.S. dollar amid renewed political stability, which has led to a resurgence in strong capital inflows. On 20 April, the shilling closed the day at 100.1 KES per USD, which represented a 0.7% appreciation over the same day of the previous month and marked the highest value since July 2015. As of that date, the shilling had gained 2.6% of its value year-to-date and had risen 2.8% compared to the same day last year.
A return to political stability following a drawn-out election saga set in motion by last year’s disputed election, along with the end of a crippling drought, has spurred upbeat economic data and improved sentiment, leading in turn to a greater inflow of capital and propelling the shilling up. The pact signed in February between President Uhuru Kenyatta and election runner-up Raila Odinga seems to be helping improve the marred business climate and reassuring investors. Furthermore, the government’s commitment to modify or even entirely scrap the cap on commercial bank lending rates introduced in 2016, which has led to private credit growth tumbling to all-time lows and stymied credit to small- and medium-sized enterprises, is also pushing the growth outlook to the upside, strengthening confidence among investors.
Our panel expects the real to end 2018 at 106.1 KES per USD. In 2019, panelists believe the real will depreciate to 109.3 KES per USD.
Kenya - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||86.13||87.95||98.27||101.5||103.4|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Exchange Rate (aop) Chart
Source: Thomson Reuters
|Bond Yield||12.60||0.0 %||Nov 09|
|Exchange Rate||102.2||0.05 %||Nov 09|
|Stock Market||0.1||0.0 %||Nov 09|
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November 5, 2018
In October, activity picked up in Kenya’s private sector following a deterioration in the previous month, as reflected by a rise in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
October 31, 2018
Consumer prices fell 0.79% over the previous month in October, contrasting a 1.02% month-on-month increase in September.
October 3, 2018
Kenya’s private sector lost ground in September, as indicated by the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
September 28, 2018
The latest national accounts data released by Kenya’s National Bureau of Statistics on 28 September revealed that the economy sped up in the second quarter, growing 6.3% in annual terms, which marks the fastest pace of expansion since Q4 2016.
September 28, 2018
Consumer prices increased 1.02% over the previous month in September, following a 0.31% month-on-month rise in August.