Earnings by listed banks from forex trading in the Kenyan market fell by Sh6 billion last year as margins – the difference between buy and sell rates — for hard currency narrowed on increased dollar availability.
According to data from financial statements touching on the local operations of the 10 listed commercial banks, total forex income in the year ended December dropped to Sh55.6 billion from the peak of Sh61.5 billion in 2022.
