Daily Market Update
MARKET UPDATE FOR 28th October 2025
LOCAL MARKET
USD/KES
The Kenya shilling was stable against the dollar on Monday, market data showed.
Expected range today is 127.00 -132.00
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 127.00 | 132.00 | ||
| GBP | 1.3212 | 1.3618 | 167.79 | 179.76 |
| EUR | 1.1514 | 1.1817 | 146.23 | 155.98 |
| JPY | 150.38 | 153.39 | 0.8280 | 0.8778 |
| ZAR | 15.715 | 18.723 | 6.78 | 8.40 |
| CHF | 0.7880 | 0.7985 | 159.05 | 167.51 |
| CAD | 1.3933 | 1.4034 | 90.49 | 94.74 |
| KES/UGX | 3422 | 3532 | 25.92 | 27.81 |
| KES/TZS | 2390 | 2550 | 18.11 | 20.08 |
MONEY MARKET
CBK analysis on Monday showed excess liquidity in the market. The regulator was in the market to mop KES 80 billion 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 | 12,999.9 | 7,032.89 | 5,372.05 |
| Amount Accepted | 12,988.0 | 7,032.89 | 5,363.37 |
| Current Rate | 7.8290% | 7.8650% | 9.3467% |
| Previous Rate | 7.8591% | 7.9091% | 9.3648% |
GLOBAL MARKETS
Most Asian stock markets edged lower on Tuesday as investors digested fresh developments in U.S. diplomacy across the region and awaited a series of key central bank decisions later this week .
The EUR/USD edges up late in the North American session on Monday as the Greenback retreats from last week’s highs, while the US-China trade war de-escalates ahead of the Donald Trump-Xi Jinping summit in South Korea. The pair trades at 1.1643, up by 0.15%. Despite this, the EUR/USD remains at familiar levels as traders wait for the Federal Reserve’s (Fed) monetary policy decision in the next two days.
The GBP/USD caught a thin bounce off the 1.3300 handle on Monday, chalking in the pair’s first bullish candle in six straight trading session and keeping Cable bids just north of the 200-day Exponential Moving Average (EMA) .Despite a last-minute pullup to close off a bearish slide, near-term momentum is unlikely to result in any significant changes with a looming Federal Reserve (Fed) interest rate decision.
Source: Reuters
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.6% | ||
| KES CBR | 9.25% | ||
| GBP BOE RATE | 4.00% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 4.25% | ||
| SOFR O/N RATE | 4.16%, 1.926%, 3.9669% | ||
| BRENT OIL ($/BARREL) | 64.68 | ||
| MURBAN CRUDE ($/BARREL) | 61.10 | ||
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.