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Kenya Shilling exchange rates against major world currencies

Forex rates, which are determined by market forces of demand and supply are useful in gauging the value of the Kenya shilling on any given day, .

The shilling gained against major world currencies in the first quarter of 2017, after making remarkable gains in December 2016.

In 2011, Kenya suffered greatly against major world currencies as a result of higher global fuel prices and domestic food shortage that led to high food imports. The Euro crisis then resulted in a reduction in horticultural exports

Tourism

A reduction in income from tourism and low value for tea exports in September 2015 led to the shilling deprecating against the dollar trading at an all-time high of 106.15.
The shilling has been stable over the years against the South African rand, but made small gains after the Brexit vote which resulted in the rand losing significant grounds in the international market.

This came as a result of major South African firms being dual listed in the London and Johannesburg stock exchange.