How Much Does A Kenyan Shilling Cost In Uganda
What Is Kenyan Shilling?
The shilling is the currency of Kenya. It is divided into 100 cents. New Kenya shilling coins were issued in the denominations of 5 cents, 10 cents, 25 cents, 50 cents and 1 shilling. The coins were minted by the Royal Mint of U.K. and made from cupro-nickel. Like the notes, the obverse featured the portrait of Kenya’s founding father, Mzee Jomo Kenyatta.
How Much Does A Kenyan Shilling Cost In Uganda?
Latest Currency Exchange Rates: 1 Kenyan Shilling = 31.1576 Ugandan Shilling. On this page convert KES to UGX using live currency rates.
Is The Kenyan Shilling Strong In Uganda?
| Long Position Overnight Fee | -0.0073% |
|---|---|
| Spread | 0.00006 |
What Is Happening To The Kenyan Shilling In Uganda?
The shilling is down around 5.5% against the dollar, setting repeated record lows because of factors including high oil prices and dollar demand from companies in the energy and manufacturing sectors.
How Much Is Kenyan Shillings To The Dollar In Uganda?
| Conversion Rates US Dollar / Kenyan Shilling | |
|---|---|
| 10 USD | 1214.50000 KES |
| 20 USD | 2429.00000 KES |
| 50 USD | 6072.50000 KES |
| 100 USD | 12145.00000 KES |
Why Is Kenyan Shilling Depreciating To The Dollar In Uganda?
The depreciation is attributed to increased demand for dollars from importers, especially crude oil and merchandise traders. It is set to increase prices of imported goods and put pressure on the country’s debt repayment given that most external debt is repaid in the dollar.