Date: 23-Jul-21

LOCAL NEWS
The Kenya shilling was stable during yesterday’s trading session amid increased activity in the markets.
The pair opened the day at 108.05-35 same as previous sessions close. Demand for the greenback picked
up in yesterday’s session with the energy sector orders trickling in early morning. Flows from money
transfer agents helped support the local unit and the same levels held for the session. USDKES closed the
day at 108.05-35.

CENTRAL BANK RATE (%)

COUNTRY 91-Day 182-Day 364-Day CBR INFLATION

Kenya 6.477 6.955 7.432 7.00 6.32

Uganda 7.18 10.45 11.60 10.00 3.60

Tanzania 2.25 3.23 5.12 7.00 3.30

Rwanda 6.57 6.96 8.21 4.50 7.70

Majors Indicative Cross Rates

Currency Buy Sell Currency Buy Sell

USD/KES 108.10 108.30 GBP/USD 1.3761 1.3764

148.76 149.06
GBP/KES EUR/USD 1.1771 1.1772
127.24 127.49
EUR/KES USD/ZAR 14.7081 14.7363
98.05 98.22
JPY/KES USD/JPY 110.25 110.26
7.34 7.36
ZAR/KES

Regional Currencies Regional Currencies

Currency Buy Sell Currency Buy Sell

KES/UGX 32.68 32.89 USD/UGX 3545.00 3555.00
KES/TZS 21.37 21.50 USD/TZS 2319.00 2324.00

KES/RWF 9.27 9.33 USD/RWF 979.44 999.03

KES/SSP 0.2583 0.3724 USD/SSP 311.99 448.97

INTERNATIONAL NEWS
GBP/USD bottoms out from intraday low surrounding 1.3750 to 1.3764, mostly unchanged ahead of today’s
London open. In doing so, the cable pair struggles to extend the two-day rebound as Brexit jitters join the covid
woes to tame the bulls. Even so, cautious optimism in the markets, coupled with upbeat UK fundamentals, seem
to keep the bulls hopeful ahead of UK Retail Sales and preliminary readings of this month’s Purchasing
Managers' Index (PMIs).

EUR/USD remains pressured around 1.1770, unchanged on a day, heading into today’s European session. The
sellers keep reins following the European Central Bank’s (ECB) bearish bias and amid the covid woes but a
cautious optimism in the market seem to put a floor under the prices ahead of the key activity numbers from
Germany, Eurozone and the US.

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