Daily Market Update
MARKET UPDATE FOR 2nd November 2026
LOCAL MARKET
USD/KES
The Kenya shilling remained weak against the US dollar on Friday, market data showed. Expected range today is 126.50—131.50.
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 131.50 | ||
| GBP | 1.3237 | 1.3645 | 167.45 | 179.43 |
| EUR | 1.1023 | 1.1325 | 139.44 | 148.92 |
| JPY | 156.46 | 159.48 | 0.7932 | 0.8405 |
| ZAR | 15.208 | 18.214 | 6.95 | 8.65 |
| CHF | 0.8190 | 0.8294 | 152.52 | 160.56 |
| CAD | 1.3933 | 1.4038 | 90.11 | 94.38 |
| KES/UGX | 4190 | 4300 | 31.86 | 33.99 |
| KES/TZS | 2575 | 2705 | 19.58 | 21.38 |
MONEY MARKET
CBK analysis on Friday showed a square market. The regulator was therefore out of Open Market Operations in order to remain within the monetary policy path set by the MPC.
| LOCAL MONEY MARKET | |||
| TREASURY BILLS AND BONDS (MIO KES) | |||
| Tenor | 91-day | 182-day | 364-day |
| Amount Offered | 8,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 40,632.23 | 5,317.16 | 5,907.03 |
| Amount Accepted | 40,556.88 | 5,221.41 | 5,907.03 |
| Current Rate | 8.7498% | 8.8508% | 9.0288% |
| Previous Rate | 8.7498% | 8.8591% | 9.0267% |
GLOBAL MARKETS
Brent crude prices declined on Monday, trading at $109.75 per barrel, amid renewed Iran-Qatar diplomatic efforts to ease the ongoing Middle East conflict. EUR/USD remains weak near 1.1160 on Monday, as France’s fiscal concerns and political uncertainty weigh on investor confidence in the euro.
GBP/USD is holding near 1.3390 on Monday, as expectations of a Bank of England rate hike support sterling, while easing Middle East tensions weaken demand for the US dollar.
Source: LSEG Refinitiv
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 7.3% | ||
| KES CBR | 8.75% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.65% | ||
| USD FED RATE | 4.00% | ||
| SOFR O/N RATE | 3.8%, 2.440%, 3.7324% | ||
| BRENT OIL ($/BARREL) | 110.05 | ||
| MURBAN CRUDE ($/BARREL) | 100.85 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Martin Githinji, Calvince Amallah, Oliver Kilonzo and Philip Wanjiru.
Telephone Contacts: 020 3275 XXX; EXT.244/558/526/221/245/378/185
Mobile Lines: 0703 058 XXX; EXT.244/558/526/221/245/378/185
Email: dealing@boakenya.com
Disclaimer
Whilst every care has been taken in compiling this market update, the Bank will not be responsible for any and shall be exempt from all liabilities in respect of any loss of any kind whatsoever, incurred by any persons as a consequence of relying on the above information or otherwise.