On 9 September 2025, the Kenyan shilling maintained a composed performance in foreign exchange markets, demonstrating stability against major global and regional currencies. The U.S. dollar remained firmly pegged at approximately Ksh 129.20, mirroring the rates seen earlier in the month.
Against the euro and pound sterling, the shilling showed balanced strength with recent figures indicating,EUR/KES hovered between Ksh 150.4 and Ksh 150.7, reflecting minor fluctuations but overall steadiness. The monthly average was close to Ksh 144.
In the case of the GBP/KES, the exchange rate ranged from Ksh173.08 to Ksh 174.94, marking a nominal depreciation within a historically stable band.
Regionally, the shilling remained resilient,1 South African rand (ZAR) was worth around Ksh 7.31 to KES 7.36, consistent with levels observed during the early days of September.
According to Trading Economics, the shilling continued trading at Ksh 129.20 per U.S. dollar, showing near-flat performance and a mere 0.60% depreciation over the past year.
Projections from analysts suggest a mild weakening to Ksh 129.47 by the end of the quarter and potentially Ksh 130.29 within 12 months.
Underlying factors supporting this stability include robust remittance inflows, steady export earnings and ongoing liquidity support. The Central Bank of Kenya has maintained sufficient foreign exchange reserves, buffering the shilling from volatility.One report highlighted that inflows from NGOs and diaspora remittances have reinforced stability despite global uncertainties.
Source: Exchange Rates
Written By Ian Maleve
