Shilling Regains Strength Against Dollar to 131 Units

May 9, 2024

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Shilling Regains Strength Against Dollar to 131 Units

The Kenyan shilling has shown signs of resilience and strength against the US Dollar, marking a fluctuating yet notable trend in the currency market.

According to data from the Central Bank of Kenya (CBK), the shilling traded at 131.2 units on Thursday, a rate it had last seen on April 20, 2024.

The back-and-forth movement in the value of the shilling indicates the shilling’s ability to hold its ground against the US Dollar in the face of market dynamics.

Also Read: Kenya Shilling Up 2.1% Against Dollar to Open Week At 134

May 9, 2024

0 Less than a minute

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.