The Kenyan Shilling is gaining strength. Kesho tuamke exchange rate ikiwa 1 USD = 120 Ksh | Cyprian Is, Nyakundi

This week we focus on the trend of the Kenyan shilling which has continued depreciating against the US Dollar (USD). In 2022, the Kenyan shilling has continued with the depreciation trend against the US Dollar (USD) experienced in 2021 and 2020, depreciating by 2.6% year to date. This in addition to the 3.6% and 7.7% depreciation in 2021 and 2020, respectively. Continuous depreciation of the shilling is set to have a negative effect on the economy as the import bill will continue to be inflated,