Nairobi, Kenya – May 19, 2025: The Kenyan shilling held steady against the US dollar in Monday morning trade, as per data provided by the London Stock Exchange Group (LSEG).
At 09:38 GMT, the shilling was quoted at 129.00/129.40 per dollar, unchanged from Friday’s closing levels. The local currency remained stable amid a quiet foreign exchange market, with no significant demand or supply shocks observed at the start of the week.
Currency traders noted that steady dollar inflows from remittances and horticulture exports, coupled with restrained importer demand, are helping maintain the current exchange rate range.
“It’s a balanced market today. Both corporate demand and dollar inflows are moderate, keeping the shilling stable,” said a Nairobi-based currency dealer.
Analysts expect the shilling to remain in a narrow band in the near term unless influenced by external shocks or central bank intervention. The Central Bank of Kenya has recently signaled its intent to maintain exchange rate stability as part of broader monetary policy objectives.
