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Originally published by Kenyanstop
April 2, 2026
3h ago
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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