Daily Market Update
MARKET UPDATE FOR 19th August 2026
LOCAL MARKET
USD/KES
The Kenya shilling was stable 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 | 1.3390 | 1.3794 | 169.38 | 181.39 |
| EUR | 1.1435 | 1.1737 | 144.65 | 154.34 |
| JPY | 157.81 | 160.85 | 0.7864 | 0.8333 |
| ZAR | 14.741 | 17.746 | 7.13 | 8.92 |
| CHF | 0.8061 | 0.8162 | 154.99 | 163.13 |
| CAD | 1.3831 | 1.3932 | 90.80 | 95.08 |
| KES/UGX | 3675 | 3785 | 27.95 | 29.92 |
| KES/TZS | 2585 | 2715 | 19.66 | 21.46 |
MONEY MARKET
CBK analysis on Tuesday showed excess liquidity in the market. The regulator was therefore in the market to mop Kes 110Bn in a 6 and 13 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 | 8,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 18,236.31 | 8,993.35 | 13,560.93 |
| Amount Accepted | 16,364.21 | 7,092.67 | 13,560.93 |
| Current Rate | 8.7734% | 8.9500% | 9.0365% |
| Previous Rate | 8.7820% | 8.9500% | 9.0042% |
GLOBAL MARKETS
Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open.
EUR/USD trades with mild gains near 1.1580 during the early Asian session on Wednesday as softer US inflation data dialed back expectations of tighter Fed policy.
GBP/USD loses ground to around 1.3535 amid disappointing UK labor data. Traders will closely watch the release of the UK CPI inflation data.
Source: LSEG Refinitiv
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 6.5% | ||
| KES CBR | 8.75% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.40% | ||
| USD FED RATE | 3.75% | ||
| SOFR O/N RATE | 3.66%, 1.932%, 3.7299% | ||
| BRENT OIL ($/BARREL) | 91.55 | ||
| MURBAN CRUDE ($/BARREL) | 84.61 | ||
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.