The Central Bank of Kenya, on Tuesday, February 13, set the US Dollar to Kenyan Shilling exchange rate at Ksh158.66.
CBK’s current exchange rate is contrary to commercial banks and other financial entities which set the rate at Ksh156, Ksh157 and others at Ksh158 as the shilling continues to gain strength against the dollar.
Last week, CBK announced that the shilling would continue to stabilise in February and March, attributing the gain to favourable diaspora remittances and the thriving Tourism industry.
The announcement came in the backdrop of the shilling recording a historic high since 2021, gaining 1.8 per cent against the dollar in five days of consecutive growth.