The Kenyan shilling was stable on Wednesday, with predictions of gains in the days ahead due to expected remittances from the Diaspora, quoted at 129.20/45 by commercial banks.
On Wednesday, the Kenyan shilling remained stable, maintaining its position compared to the previous day. Traders are optimistic, predicting that the currency may strengthen in the forthcoming days due to anticipated inflows from the Kenyan Diaspora. At 0825 GMT, commercial banks reported the shilling’s value at 129.20/45, reflecting no change from Tuesday’s closing rate.
In summary, the Kenyan shilling’s stability suggests potential for appreciation as inflows from the Kenyan Diaspora are anticipated. Currently, it holds firm against previous values, indicating a promising outlook for the currency’s performance in the short term.
Original Source: www.marketscreener.com
