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April 2, 2026
3h ago

Kenyan Shilling Weakens Against U.S Dollar After 20-Month Winning Streak

Kenyan Shilling Weakens Against U.S Dollar After 20-Month Winning Streak

Following the latest developments, it is now to be seen whether the local currency will rebut the external pressures or continue weakening over the coming days...

✨ Key Highlights

The Kenyan Shilling has weakened against the U.S. Dollar for the first time in 20 months on Wednesday, April 1, reaching Ksh130.0200 against the dollar.

  • The Shilling touched the 130 unit level for the first time since August 2024.
  • This weakening is attributed to increased demand for foreign currency by importers and manufacturers, partly influenced by the ongoing Middle East war.
  • This shift follows a period where the Shilling was ranked the most stable currency in Africa and fifth globally by Bloomberg, with a volatility rate of just 1.5 per cent.

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