The Kenya Shilling has continued on its downward spiral against the US dollar to hit an all-time low of KSh 110 when the forex markets opened this morning. The depreciation puts pressure on importers who will have to use more Shillings to bring in commodities such as fuel, gas and other...
Foreign Exchange Rate: In the context of economics, the exchange rate between any currencies is primarily dictated by their relative demand and supply globally. The cross-rate between any two given currencies can be ascertained by using their standard ...
If one kilogram of flour costs $2 in Canada, and 100 shillings in Kenya, what would Purchasing Power Parity predict the Kenyan shilling to be worth in Canadian dollars? Suppose last week's exchange rate was 12.5 pesos to the dollar and thi...