Daily Market Update
MARKET UPDATE FOR 25th March 2026
LOCAL MARKET
USD/KES
The Kenya shilling weakened slightly against the US Dollar on Tuesday, market data showed.
Expected range today is 126.50 -131.50
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 131.50 | ||
| GBP | 1.3234 | 1.3635 | 167.41 | 179.30 |
| EUR | 1.1445 | 1.1746 | 144.78 | 154.46 |
| JPY | 157.45 | 160.46 | 0.7884 | 0.8352 |
| ZAR | 15.442 | 18.446 | 6.86 | 8.52 |
| CHF | 0.7845 | 0.7949 | 159.14 | 167.62 |
| CAD | 1.3723 | 1.3825 | 91.50 | 95.82 |
| KES/UGX | 3690 | 3800 | 28.06 | 30.04 |
| KES/TZS | 2500 | 2660 | 19.01 | 21.03 |
MONEY MARKET
CBK analysis on Tuesday showed excess liquidity in the
market. The regulator was therefore in the market to
mop Kes 20Bn in 1 and 6 day TAD 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 | 4,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 14,452.6 | 10,296.32 | 10,512.24 |
| Amount Accepted | 13,442.8 | 9,839.22 | 5,792.33 |
| Current Rate | 7.5679% | 7.8399% | 8.3445% |
| Previous Rate | 7.5636% | 7.8457% | 8.4805% |
GLOBAL MARKETS
Asian stock markets rose on Wednesday in broad-based
buying, as easing oil prices and renewed hopes of a
diplomatic breakthrough in the Middle East boosted investor sentiment across the region.
The EUR/USD pair remains subdued for the second
successive day, trading around 1.1600 during the Asian
hours on Wednesday. The pair came under pressure as
the US Dollar (USD) strengthened, even as reports suggest that the United States is actively pursuing diplomatic
engagement with Iran to de-escalate the ongoing conflict. The Greenback’s resilience reflects its safe-haven
appeal amid persistent geopolitical uncertainty, despite
signs of potential negotiations.
The GBP/USD pair attracts fresh buyers during the Asian
session on Wednesday, with bulls still awaiting a sustained strength beyond the 200-day Simple Moving Average (SMA) before placing fresh bets. Spot prices currently trade around the 1.3420-1.3425 region, up
0.10% for the day, as the focus now shifts to the UK
consumer inflation figures. The UK Office for National
Statistics (ONS) will publish the Consumer Price Index
(CPI) for February at 07:00 GMT later today amid the
Bank of England’s (BoE) hawkish outlook.
Source: Reuters
| RNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.3% | ||
| KES CBR | 8.75% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 3.75% | ||
| SOFR O/N RATE | 3.65%, 1.931%, 3.7278% | ||
| BRENT OIL ($/BARREL) | 96.67 | ||
| MURBAN CRUDE ($/BARREL) | 89.22 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Milton Onyuna, Martin Githinji, Calvince Amallah, Elizabeth Kiarie, Dennis Ingolo and Oliver Kilonzo.
Telephone Contacts: 020 3275 XXX; EXT.244/558/526/221/245/378
Mobile Lines: 0703 058 XXX; EXT.244/558/526/221/245/378
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.