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Shilling plunges to 13-month low against euro, pound

Kenyan currency exchanged for 174.08 units against the pound, the weakest level since March 14, 2024, of 175.93 units, according to official CBK data.

Photo credit: Shutterstock

By  Constant Munda

Correspondent

Nation Media Group

The shilling has weakened to the lowest levels in more than 13 months against the euro and sterling pound amid relative stability against the US dollar, portending higher earnings from exports to Europe.

The shilling opened trading on Tuesday at 149.73 units against the euro based on the official exchange rate published by the Central Bank of Kenya (CBK), the lowest levels last witnessed since mid-March 2024.

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