Data from the latest Central Bank of Kenya (CBK) Weekly bulletin shows that the Kenya Shilling exchanged at KSh 108.61 per US dollar on October 15th October, 2020. This exchange rate level is compared to Ksh 108.53 per US dollar on October 8th, 2020. Over the last one year, the shilling...
Year over year, Kenya’s total sales from exports fell by -2.4% compared to $7.4 billion during 2022. Based on the average exchange rate for 2023, the Kenyan shilling depreciated by -37.1% against the US dollar since 2019 and fell by -18.6% from 2022 to 2023. Kenya’s weaker local cu...
Net migration rate: 0 migrant(s)/1,000 population note: according to the UNHCR, by the end of 2005 Kenya was host to 233,778 refugees from neighboring countries, including Somalia 153,627, Sudan 67,556, Ethiopia 12,595 (2006 est.) Sex ratio: at birth: 1.02 male(s)/female under...
The exchange rate of the Kenyan shilling slumped dramatically in mid-2011, from about 83 shillings per US dollar to about 100 shillings per US dollar at late 2011 and to 105 shillings in September 2015. The Central Bank of Kenya shifted its target to tighten liquidity, including increasi...
The US Dollar’s exchange rate will be a key factor in the pace of global economic recovery while domestic currencies will have a smaller impact as the world struggles to bounce back from the pandemic, according to a study by the IMF. ...
Garissa +00254 46; Kakamega +00254 56; Kericho +00254 52; Kisii +00254 58; Kisumu +00254 57; Kitale +00254 54; Malindi +00254 42; Marsabit +00254 69; Meru +00254 64; Mombasa +00254 41; Nairobi +00254 20; Nakuru +00254 51; Thika +00254 67; Voi +00254 43 ...
This study examined the causal relationship between foreign exchange rates and stock prices in Kenya from November 1993 to May 1999. The data set consisted of monthly observations of the NSE stock price index and the nominal Kenya shillings per US dollar exchange rates. The objective was to est...
gap.Itusesaneconometricmodeltolink moneysupplyandothervariablestothelong-runmovementsofthenominalexchangerate. BackgroundofKenya'sexchangerateregimes Upto1974,theexchangeratefortheKenyashillingwaspeggedtotheUSdollar,butafter discretedevaluationsthepegwaschangedtothespecialdrawingrate(sDR).Between1974 and1981the...
The economy, however, is well placed to resume its decade-long 5%-6% growth rate. While fiscal deficits continue to pose risks in the medium term, other economic indicators, including foreign exchange reserves, interest rates, current account deficits, remittances and FDI are positive. The credit...
Exchange rateCentral Bank of KenyaMore often, persistent fluctuations in the real exchange rate tends to have significant adverse impact on prices, output and inflation expectations in an economy. Therefore, the ability to predict its movement over time with relative degree of accuracy is imperative ...