Kenyan shilling strengthens against the dollar

The Kenyan shilling strengthened against the dollar on Thursday due to hard currency inflows from horticulture exports and offshore investors buying government debt amid thin oil importer demand.

At 0638 GMT, commercial banks quoted the shilling at 102.10/30 per dollar, compared with 102.25/45 at Wednesday’s close.

The shilling gained by 0.68 per cent during the previous session, Refinitiv data showed.

Historically, the Kenyan Shilling reached an all-time high of 106.15 in September of 2015 and a record low of 36.23 in January of 1993