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How Kenya Shilling has strengthened against US dollar

From January to April 2024

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by DAMARIS KIILU

News16 April 2024 - 10:36
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In Summary


  • A currency is classified as strong when it is worth more than another country’s currency.

The Kenyan Shilling continued to significantly gain against the dollar in the past weeks.

A currency is classified as strong when it is worth more than another country’s currency.

A strong Shilling is a boost for people who travel abroad, and people who like imported goods, because they will be cheaper.

However, it can be bad for domestic companies as their products will be expensive overseas.

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