Daily Market Update
MARKET UPDATE FOR 9th April 2026
LOCAL MARKET
USD/KES
The Kenya shilling strengthened slightly against the US Dollar on Wednesday, market data showed. Expected range today is 126.50-131.50
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 131.50 | ||
| GBP | 1.3242 | 1.3647 | 167.51 | 179.46 |
| EUR | 1.1512 | 1.1814 | 145.63 | 155.35 |
| JPY | 157.31 | 160.32 | 0.7890 | 0.8359 |
| ZAR | 14.886 | 17.916 | 7.06 | 8.83 |
| CHF | 0.7863 | 0.7966 | 158.80 | 167.24 |
| CAD | 1.3797 | 1.3901 | 91.00 | 95.31 |
| KES/UGX | 3635 | 3745 | 27.64 | 29.60 |
| KES/TZS | 2520 | 2675 | 19.16 | 21.15 |
MONEY MARKET
CBK analysis on Wednesday showed excess liquidity in the market. The regulator was therefore in the market to mop Kes 160Bn in 1, 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 | 1,205.99 | 9,091.11 | 6,706.39 |
| Amount Accepted | 1,204.03 | 9,091.11 | 6,655.24 |
| Current Rate | 7.4000% | 7.8300% | 8.2710% |
| Previous Rate | 7.4261% | 7.8292% | 8.2815% |
GLOBAL MARKETS
U.S. stock index futures fell slightly on Wednesday evening as markets waited to see whether a two-week ceasefire in the Iran war would hold amid some signs of strain in the tentative agreement.
The EUR/USD pair trades with mild losses around 1.1655 during the early Asian session on Thursday. The Euro (EUR) softens against the US Dollar (USD) amid uncertainty surrounding the two-week ceasefire between the United States (US) and Iran. The US Consumer Price Index (CPI) inflation report for March will be in the spotlight later on Friday. The headline CPI is expected to show a rise of 3.3% YoY in March, versus 2.4% prior, driven by the surge in oil prices due to the Middle East war.
The GBP/USD surged more than 1% on Wednesday after the US and Iran agreed to a Pakistan-brokered twoweek ceasefire, pushing Cable to a session high close to 1.3485. The rally faded through the North American session, however, with the pair slipping back to the 1.3400 region as doubts over the deal’s durability mounted. On the Pound Sterling side, Wednesday’s UK data painted a soft picture.
Source: Reuters
| LOCAL AND INTERNATIONAL 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 ($/BARREL) | 97.11 | ||
| MURBAN CRUDE ($/BARREL) | 97.69 | ||
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.