kenya shilling
kenya shilling

The Kenya shilling on Wednesday advanced against major world currencies that include the U.S. dollar, the British Pound and the Euro.

The shilling traded at an average of 103.15 against the dollar, an improvement from 103.20 in the Tuesday trading and 103.25 on Monday.

Against the British Pound, the shilling similarly strengthened to end the day at 139.58 from 139.78 in the Tuesday session. The Kenyan currency, similarly, traded against the Euro at a higher position of 123.09.

The shilling has been on a rally against the currencies this week with analysts attributing the surge especially against the greenback to continued low dollar demand from importers.

On Wednesday, East African nation’s Central Bank placed the shilling against the dollar at 103.17 from 103.21 on Tuesday. Enditem

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