Kenyan shilling value Stories

Mbadi said the steadiness of the shilling reflects prudent macroeconomic management and growing investor confidence in Kenya’s economic trajectory.

The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.

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 pr...

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.