The Kenya shilling has recorded another drop in its value in the forex markets in the last two days of the week between April 14 and April 20.
The drop in the forex markets is indicative of an increased demand for dollars in the forest market, which is not reflected in the CBK indicative rates, which remained unchanged at KSh 131.43.
Over various forex markets, the dollar’s buying price ranged between KSh 133 and KSh 135, with the selling price ranging between KSh 135 to KSh 139.
However, the latest CBK bulletin maintained that:
“The Kenya Shilling remained stable against major international and regional currencies during the week ending April 18. It exchanged at KSh 131.37 per US dollar on April 18, compared to KSh 130.39 per US dollar on April 11.”
