Kenyan shilling edges down to a new record low – Reuters
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo
NAIROBI, March 25 (Reuters) – Kenya's shilling inched down on Friday to a fresh all time low against the dollar, as energy firms and general importers sought hard currencies for their transactions.
At 0819 GMT, commercial banks quoted the shilling at 114.70/90 against the dollar, compared with Thursday's closing rate of 114.60/80.
The new record low follows a series of others hit this week, according to Refinitiv data, but it is still just 1.4% down for the year, outperforming other African currencies like Ghana's cedi.
Our Standards: The Thomson Reuters Trust Principles.
The attackers blasted their way into the Hayat Hotel on Friday evening with two car bombs before opening fire.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved