Daily Market Update
MARKET UPDATE FOR 12th August 2026
LOCAL MARKET
USD/KES
The Kenya shilling strengthened slightly 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 | 1.3354 | 1.3758 | 168.93 | 180.92 |
| EUR | 1.1385 | 1.1686 | 144.02 | 153.67 |
| JPY | 157.88 | 160.93 | 0.7861 | 0.8329 |
| ZAR | 14.691 | 17.695 | 7.15 | 8.95 |
| CHF | 0.8070 | 0.8174 | 154.76 | 162.95 |
| CAD | 1.3879 | 1.3982 | 90.47 | 94.75 |
| KES/UGX | 3665 | 3775 | 27.87 | 29.84 |
| KES/TZS | 2590 | 2720 | 19.70 | 21.50 |
MONEY MARKET
CBK analysis on Tuesday showed a square market. The regulator was therefore out of Open Market Operations 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 | 13,592.22 | 10,167.35 | 6,209.19 |
| Amount Accepted | 13,103.01 | 9,207.54 | 6,205.25 |
| Current Rate | 8.7820% | 8.9500% | 9.0042% |
| Previous Rate | 8.7882% | 8.9545% | 9.0169% |
GLOBAL MARKETS
Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fueled concerns about Middle East supply disruptions.
EUR/USD struggles to gain any meaningful traction and holds steady around mid-1.1500s on Wednesday, within a familiar range held over the past week or so.
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday.
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 ($/BARREL) | 89.43 | ||
| MURBAN CRUDE ($/BARREL) | 83.72 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Martin Githinji, Calvince Amallah, Elizabeth Kiarie, Philip Wanjiru and Oliver Kilonzo.
Telephone Contacts: 020 3275 XXX; EXT.185/558/526/221/378
Mobile Lines: 0703 058 XXX; EXT.185/558/526/221/378
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.