Kenyan shilling against the dollar held steady on Friday, according to updated data from the London Stock Exchange Group (LSEG). By 0805 GMT, the shilling traded at 129.10/129.60, nearly unchanged from Wednesday’s close of 129.15/129.65.
The financial markets remained closed on Thursday due to a public holiday. As a result, trading resumed quietly on Friday without any notable movement in the currency’s value.
Analysts observed that the shilling has shown minor fluctuations over recent sessions. This indicates a period of relative calm in the foreign exchange market despite external pressures.
The Central Bank of Kenya continues to monitor the forex market closely. So far, there have been no major interventions this week, suggesting a stable outlook in the short term.
Although regional currencies are under pressure from global economic conditions, Kenya’s shilling has remained largely stable. The limited activity this week reflects both the midweek holiday and subdued demand for dollars.
