Daily Market Update
MARKET UPDATE FOR 29th April 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 | 1.3353 | 1.3760 | 168.92 | 180.94 |
| EUR | 1.1550 | 1.1852 | 146.11 | 155.85 |
| JPY | 158.18 | 161.21 | 0.7847 | 0.8313 |
| ZAR | 15.036 | 18.066 | 7.00 | 8.75 |
| CHF | 0.7842 | 0.7947 | 159.18 | 167.69 |
| CAD | 1.3636 | 1.3740 | 92.07 | 96.44 |
| KES/UGX | 3665 | 3775 | 27.87 | 29.84 |
| KES/TZS | 2545 | 2685 | 19.35 | 21.23 |
MONEY MARKET
CBK analysis on Tuesday showed excess liquidity in the market. The regulator was in the market to mop Kes 40 Bn in a 6 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 | 9,236.66 | 858.68 | 3,683.75 |
| Amount Accepted | 9,236.66 | 858.68 | 3,683.75 |
| Current Rate | 7.7794% | 7.8867% | 8.2710% |
| Previous Rate | 7.4241% | 7.8295% | 8.2723% |
GLOBAL MARKETS
Asian stock markets traded mixed on Wednesday amid ongoing U.S.-Iran tensions and caution ahead of the U.S. Federal Reserve decision, while investors assessed strong inflation data from Australia.
The EUR/USD consolidates around 1.1700, inside Tuesday’s trading range, during the Asian trading session on Wednesday. The major currency pair has remained broadly sideways, with investors awaiting monetary policy announcements by the Federal Reserve (Fed) and the European Central Bank (ECB) on Wednesday and Thursday, respectively. Both the Fed and the ECB are expected to leave interest rates unchanged at their current levels, and warn of upside inflation risks amid elevated energy prices due to the prolonged closure of the Strait of Hormuz. The Pound Sterling (GBP) trades with caution against its major currency peers, higher against antipodeans, during the early European trading session on Wednesday.
The GBP/USD pair edges lower to near 1.3510, but is broadly sideways, as the US Dollar (USD) trades calmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
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 ($/BARREL) | 104.59 | ||
| MURBAN CRUDE ($/BARREL) | 99.62 | ||
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.