The shilling had weakened to a low of 161 in January this year, on the back of an increased debt burden and diminishing foreign investor confidence.
A sustained gaining streak of the shilling against the dollar is good news for the consumers in the country, as it translates to relief from costly products.
As of July 10, 2024, the exchange rates against the Kenyan shilling stood at 128.75 USD, 139.25 EUR, 164.76 GBP, and 0.80 JPY.