How to make solid returns, portfolio from strong dollar

BDDOLLAR

Ten external creditors handed Kenya relief by suspending the repayment of Sh42.65 billion loans across 2021. FILE PHOTO | SHUTTERSTOCK

Among the many challenges confronting investors this year is the dizzying rise of the US currency.

Year to date, the Dollar Index - a measure of the currency’s strength against a basket of rival currencies including the euro (EUR), Japanese yen (JPY) and British pound (GBP) – stood at the 103 mark as of 13 March 2023, down over one percent since August 2022, but still remains four percent higher compared to the same time last year.

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Note: The results are not exact but very close to the actual.