The Kenyan shilling displayed consistent stability in its exchange rates across a broad array of global currencies as of today, reinforcing its reputation for resilience amid ongoing economic challenges.

Against the US dollar the most widely traded benchmark currency the shilling hovered around 129 per dollar.

This sustained level reflects more than 11 months of steady performance, driven by improved foreign exchange inflows, strong remittance receipts, and robust macroeconomic fundamentals such as solid foreign reserves and a balanced current account.

Beyond the dollar, the shilling also maintained competitive valuations against other major currencies. It traded at approximately 135.5 per euro and around 163 per British pound, highlighting its durability despite global currency fluctuations.

In regional comparisons, the Kenyan shilling proved strong against several African currencies. For instance, it exchanged at about 11.86 Nigerian naira per one shilling and approximately 7.24 South African rand per rand.

Meanwhile, the Singapore dollar commanded around 100.64 shillings, underscoring the shilling’s broader regional stability.

Currencies such as the Hong Kong dollar also remained stronger relative to the shilling, trading at about 16.46 shillings for one HKD.On the other hand, the Kuwaiti dinar was significantly stronger, requiring roughly 423 shillings per unit.

Several factors have contributed to this steady outlook. The Central Bank of Kenya (CBK) credits the shilling’s endurance to its diversified forex inflows, including diaspora remittances, export receipts, and offshore financing.

That sentiment was echoed in a recent market perception survey, where over 70 percent of bank and non-bank respondents anticipated continued stability, or even strengthening, in the near term.

This favorable exchange rate environment benefits businesses importing essential commodities and merchants managing cost structures. It also supports economic planning and budgeting by reducing foreign exchange risk and promoting a stable business climate.