The Kenyan shilling has strengthened to its highest level in six months, reaching an exchange rate of 127.42 against the US dollar, as reported by the Central Bank of Kenya (CBK) on March 3, 2025.
This rally, marking a 1.4 percent gain from the previous week’s 129.23, is attributed to CBK’s interventions in the foreign exchange market.
The CBK has been actively buying dollars to bolster its reserves and manage market volatility, a shift from its earlier approach of limited intervention unless excessive fluctuations occurred.
Commercial banks reflected this trend, trading the shilling at 127.50/128.50 per dollar.
Also Read:Ā Kenya Confident in Continued Shilling Stability Ahead of IMFās $3.9 Billion Loan
The shillingās appreciation is also supported by increased dollar inflows from agricultural exports, particularly tea, and diaspora remittances, which rose by 18 percent to $1.882 billion in the first five months of the fiscal year starting July 2024.
Additionally, Kenyaās foreign exchange reserves grew by $345 million to $8.185 billion, providing 4.23 months of import cover, further stabilizing the currency.
Analysts suggest the CBK may continue purchasing dollars to maintain reserves above the four-month import cover threshold, potentially sustaining the shillingās strength into the first half of 2025, though global dollar strength could pose future challenges.
I was looking through some of your posts on this website and I conceive this site is rattling instructive! Keep on posting.
Thank you a bunch for sharing this with all folks you really know what you are talking approximately! Bookmarked. Kindly additionally talk over with my web site =). We may have a hyperlink change agreement between us!
Hello, Neat post. There’s an issue together with your site in web explorer, could check thisK IE still is the marketplace leader and a huge component to people will pass over your magnificent writing because of this problem.
WONDERFUL Post.thanks for share..extra wait .. ā¦
I savor, cause I found exactly what I was taking a look for. You’ve ended my four day long hunt! God Bless you man. Have a great day. Bye
I?Ā¦ve recently started a site, the information you offer on this web site has helped me greatly. Thanks for all of your time & work.
Great write-up, I am normal visitor of one?Ā¦s site, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
I am not really excellent with English but I find this real easygoing to understand.
Hey very cool web site!! Man .. Excellent .. Amazing .. I will bookmark your blog and take the feeds alsoā¦I am happy to find numerous useful info here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .
I must get across my admiration for your kind-heartedness in support of persons that should have help on that concern. Your real dedication to passing the solution up and down came to be exceedingly interesting and has usually allowed guys and women like me to realize their goals. Your own interesting useful information entails a lot a person like me and far more to my fellow workers. Thanks a lot; from each one of us.
Iād have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
You made a few fine points there. I did a search on the theme and found mainly people will agree with your blog.
You made some good points there. I looked on the internet for the subject and found most people will go along with with your website.
Good web site! I really love how it is easy on my eyes and the data are well written. I’m wondering how I could be notified whenever a new post has been made. I have subscribed to your RSS feed which must do the trick! Have a great day!
Heya i am for the primary time here. I found this board and I to find It really helpful & it helped me out a lot. I hope to present one thing back and aid others such as you aided me.
I got good info from your blog
Iāve recently started a site, the information you offer on this web site has helped me tremendously. Thank you for all of your time & work.
WONDERFUL Post.thanks for share..extra wait .. ā¦
Thanks a bunch for sharing this with all of us you actually know what you are talking about! Bookmarked. Please also visit my site =). We could have a link exchange agreement between us!
Great blog you have here but I was wondering if you knew of any discussion boards that cover the same topics talked about here? I’d really love to be a part of community where I can get opinions from other experienced people that share the same interest. If you have any recommendations, please let me know. Bless you!
Hi! I know this is somewhat off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!