Daily Market Update
MARKET UPDATE FOR 20th August 2025
LOCAL MARKET
USD/KES
The Kenya shilling was stable against the dollar on Tuesday, market data showed.
Expected range today is 127.00 -132.00
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 127.00 | 132.00 | ||
| GBP | 1.3322 | 1.3727 | 169.19 | 181.20 |
| EUR | 1.1484 | 1.1786 | 145.85 | 155.58 |
| JPY | 146.01 | 149.02 | 0.8522 | 0.9040 |
| ZAR | 16.213 | 19.218 | 6.61 | 8.14 |
| CHF | 0.8033 | 0.8134 | 156.13 | 164.32 |
| CAD | 1.3818 | 1.3922 | 91.22 | 95.53 |
| KES/UGX | 3510 | 3620 | 26.59 | 28.50 |
| KES/TZS | 2426 | 2580 | 18.38 | 20.31 |
MONEY MARKET
CBK analysis on Monday showed excess liquidity in the market. The regulator was therefore in the market to mop up Kes 130Bn in 1 and 6 days 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 | 4,927.44 | 7,456.56 | 10,796.19 |
| Amount Accepted | 4,910.92 | 7,456.56 | 10,792.60 |
| Current Rate | 8.0107% | 8.1195% | 9.5824% |
| Previous Rate | 8.0799% | 8.1732% | 9.7130% |
GLOBAL MARKETS
Most Asian stocks moved in a flat-to-low range on Wednesday, with technology shares logging steep losses in tandem with their Wall Street peers, while Japanese markets extended a fall from record highs on soft trade data. The DXY trades on a stronger note around 98.30 during the Asian trading hours on Wednesday.
The EUR/USD extends the decline to near 1.1635 during the early European trading hours on Wednesday. The USD strengthens against the EUR as traders await the Federal Reserve’s (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path. The ECB President Christine Lagarde speech will be the highlight on Wednesday. The remarks from ECB policymakers might offer some hints about the interest rate outlook in the Eurozone.
The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session. Spot prices currently trade around the 1.3475 region, down 0.10% for the day amid some follow-through USD buying and ahead of the UK consumer inflation figures. Last week’s failure ahead of the 1.3600 mark constituted the formation of a bearish double-top chart pattern.
Source: Reuters
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.1% | ||
| KES CBR | 9.50% | ||
| GBP BOE RATE | 4.00% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 4.50% | ||
| SOFR O/N RATE | 4.34%, 1.927%, 4.2176% | ||
| BRENT OIL ($/BARREL) | 66.05 | ||
| MURBAN CRUDE ($/BARREL) | 62.05 | ||
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.