Daily Market Update
MARKET UPDATE FOR 24th February 2026
LOCAL MARKET
USD/KES
The Kenya shilling remained unchanged against the US
Dollar on Monday, market data showed.
Expected range today is 126.50 -131.50
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 131.50 | ||
| GBP | 1.3330 | 1.3734 | 168.62 | 180.60 |
| EUR | 1.1620 | 1.1922 | 146.99 | 156.77 |
| JPY | 153.73 | 156.77 | 0.8069 | 0.8554 |
| ZAR | 14.530 | 17.538 | 7.21 | 9.05 |
| CHF | 0.7714 | 0.7815 | 161.87 | 170.47 |
| CAD | 1.3656 | 1.3757 | 91.95 | 96.29 |
| KES/UGX | 3535 | 3645 | 26.88 | 28.81 |
| KES/TZS | 2490 | 2635 | 18.94 | 20.83 |
MONEY MARKET
CBK analysis on Monday showed excess liquidity in the
market. The regulator was therefore in the market to
mop Kes 110 Bn in 7 and 14 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 | 13,048.2 | 11,355.00 | 46,541.92 |
| Amount Accepted | 12,976.1 | 11,355.00 | 24,739.15 |
| Current Rate | 7.5899% | 7.7500% | 8.9010% |
| Previous Rate | 7.6094% | 7.7701% | 8.9755% |
GLOBAL MARKETS
Asian stocks stabilized after a wobbly start on Tuesday
as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over
U.S. President Donald Trump’s tariff policy and geopolitical tensions.
The EUR/USD pair holds positive ground around
1.1795 during the early Asian session on Tuesday. The
USD weakens against the EUR amid US tariff uncertainty. The release of the US January Producer Price Index
(PPI) report will be in the spotlight later on Friday. The
European Central Bank (ECB) President Christine
Lagarde said on Monday that the central bank must be
“agile” in setting monetary policy, despite currently being well-positioned.
The GBP/USD pair edges lower after two days of gains,
trading around 1.3480 during the Asian hours on Tuesday. The pair declines as the USD rebounds from losses
recorded over the previous two sessions. Traders will
focus on the US ADP Employment Change four-week
average later in the day. The GBP remains under pressure amid rising expectations that the BoE could begin
cutting rates as early as March. Source: Reuters
| RNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.4% | ||
| 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 ($/BARREL) | 71.61 | ||
| MURBAN CRUDE ($/BARREL) | 66.80 | ||
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.