The Central Bank of Kenya (CBK) has released the indicative exchange rates for February 26, 2025, providing a crucial snapshot of the Kenyan Shilling’s performance against major global currencies. These rates are significant for businesses, traders, and investors engaged in cross-border transactions, influencing import and export costs, foreign investment flows, and inflation trends.
As of February 26, 2025, the Kenyan Shilling is trading at:
- 129.3827 against the US Dollar, reflecting continued pressure on the local currency due to global economic trends.
- 163.4880 against the British Pound, indicating a relative depreciation compared to previous months.
- 135.7419 against the Euro, a critical rate for businesses dealing with European imports and exports.
The exchange rate for 100 Japanese Yen stands at 86.4944, impacting trade relations between Kenya and Japan, particularly in the automotive and technology sectors.
Kenya’s trade relations with neighboring East African countries are also reflected in the exchange rates:
- KES to Ugandan Shilling (UGX) is 28.4659, affecting trade across the Kenya-Uganda border.
- KES to Tanzanian Shilling (TZS) is 20.2114, influencing transactions within the East African Community (EAC).
- The Rwandan Franc (RWF) is valued at 10.8116, a key figure for businesses engaging in the Rwandan market.
- The South African Rand (ZAR) stands at 7.0194, a vital indicator for investors with interests in the southern African region.
The Kenyan Shilling’s fluctuation is influenced by several factors, including global oil prices, foreign debt obligations, and investor confidence in Kenya’s economy. A weaker shilling raises import costs, potentially leading to higher inflation, while exporters may benefit from increased earnings in foreign currencies.
With continued economic uncertainties, businesses and investors must stay informed and adapt their financial strategies accordingly. The CBK’s monetary policies, foreign exchange reserves, and economic reforms will play a crucial role in stabilizing the Shilling in the coming months.
