The Kenyan shilling remained stable on Wednesday at 129.20/45, with traders expecting appreciation due to anticipated inflows from the Diaspora.
The Kenyan shilling maintained its stability on Wednesday as it held steady against previous trading sessions. Traders anticipate potential appreciation of the currency in the upcoming days, driven primarily by expected inflows from the Kenyan Diaspora. As of 0825 GMT, commercial banks valued the shilling at 129.20/45, reflecting no change from Tuesday’s closing rates.
In summary, the Kenyan shilling exhibits stability amidst expectations for future gains fueled by inflows from the Diaspora. Current trading rates indicate no fluctuation, suggesting a steady market environment.
Original Source: www.marketscreener.com
