The Kenyan Shilling experienced a mixed performance in Q3 2025, losing ground against major global currencies while strengthening against regional ones, according to the Kenya National Bureau of Statistics report.

• The Shilling declined significantly against the Euro (by 6.2%), Pound Sterling (3.6%), Japanese Yen (0.7%), and South African Rand (1.6%).
• It appreciated by 5.8% against the Tanzanian Shilling and 4.1% against the Ugandan Shilling.
• The Central Bank Rate (CBR) was lowered to 9.50% in August and September 2025 from 9.75% in July, aimed at stimulating private sector lending.
• The current account deficit widened sharply from Ksh43.5 billion in Q3 2024 to Ksh135.3 billion in Q3 2025.
• Despite currency volatility, the Nairobi Securities Exchange (NSE) 20 Share Index rose from 1,776 points in September 2024 to 2,973 points in September 2025.
• The Shilling closed 2025 with stability, trading at Ksh129.01 per U.S. dollar on December 31, supported by strong foreign exchange reserves of Ksh1.6 trillion (USD12,394 million).