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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Ugandan shilling

Kenya's shilling to strengthen, Tanzania's to hold steady
Markets

Kenya's shilling to strengthen, Tanzania's to hold steady

  • The Kenyan shilling is expected to strengthen against the dollar next week, helped by inflows from the diaspora, a trader at a commercial bank said.
  • Commercial banks quoted the shilling at 2,314/2,324 against the dollar, the same levels recorded a week earlier.
Published 24 Jun, 2021 05:59pm
Zambia's kwacha seen on back foot, Kenyan shilling firm
Markets

Zambia's kwacha seen on back foot, Kenyan shilling firm

  • The kwacha is likely to remain under pressure against the dollar as demand for hard currency outweighs supply.
  • Tanzania's shilling is expected to hold steady next week with support from moderate US dollar demand from importers and inflows from investors.
Published 03 Jun, 2021 08:27pm
Kenyan, Nigerian currencies seen range-bound
Markets

Kenyan, Nigerian currencies seen range-bound

  • The naira is seen range-bound next week as the central bank tries to boost forex sales through direct interventions to local firms and foreign investors, traders said.
  • Commercial banks quoted the shilling at 2,310/2,324 on Thursday, the same levels recorded a week earlier.
Published 29 Apr, 2021 05:51pm
Kenyan and Zambian currencies seen softening
Markets

Kenyan and Zambian currencies seen softening

  • Kenya's shilling is expected to face pressure next week as month-end demand for dollars from importers increases.
  • On Thursday, commercial banks quoted the shilling at 108.35/108.55 against the dollar compared with last week's close of 106.95/107.15.
Published 22 Apr, 2021 08:33pm