The appreciation of the Kenyan Shilling that started in the first quarter of 2024 continued in the second quarter of 2024.
The Kenyan Shilling appreciated against all major currencies during the second quarter of 2024 compared to the corresponding quarter of 2023.
On average, the Kenyan shilling gained ground against the Euro, US Dollar and Pound Sterling by 5.6 per cent, 4.6 per cent and 3.7 per cent, respectively.
Similarly, the Kenyan Shilling appreciated against the South
African Rand, Tanzania Shilling, and Uganda Shilling.