Kenyan Shilling Gains Against British Pound, Holds Versus US Dollar, Tanzania and Uganda Shillings
The Kenyan shilling has shown resilience in foreign exchange markets, maintaining stability against major global and regional currencies for the two weeks ending July 10, 2025.
According to data from the Central Bank of Kenya (CBK), the shilling remained unchanged against the US dollar, trading at KSh 129.24 on both July 3 and July 10.
However, the shilling strengthened against the British pound, appreciating from KSh 177.52 on July 1 to KSh 175.87 on July 10. The weekly average exchange rate dropped from KSh 177.13 between June 27 and July 3 to KSh 175.96 between July 4 and July 10.
Against the euro and the Japanese yen, the shilling experienced marginal movements. The euro traded at an average indicative rate of KSh 151.77, while 100 Japanese yen exchanged for an average of KSh 88.64 over the same period.
In the East African region, the Kenyan shilling remained stable. One Kenyan shilling exchanged at an average indicative rate of 27.78 Ugandan shillings, 20.42 Tanzanian shillings, 11.13 Rwandese francs, and 23.05 Burundi francs between July 4 and July 10.
The performance of the shilling has been underpinned by healthy foreign exchange reserves. As of July 10, CBK reported usable reserves of USD 11.2 billion (KSh 1.448 trillion), adequate to cover 4.9 months of imports—above the statutory minimum of 4 months.
In addition, increased diaspora remittances have bolstered foreign currency supplies. Remittance inflows reached USD 423 million (KSh 54.68 billion) in June 2025, up 13.8% from USD 372 million (KSh 48.06 billion) in June 2024.
The CBK also noted that cumulative inflows for the 12 months ending June 2025 stood at USD 5.08 billion (KSh 656.99 billion), representing a 12.1% increase from USD 4.54 billion (KSh 586.09 billion) in the previous year.
The consistent growth in remittances remains a vital pillar supporting Kenya’s foreign exchange reserves and overall balance of payments.
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Kenyan Shilling Gains Against British Pound, Holds Versus US Dollar, Tanzania and Uganda Shillings