Investor Presentaiton
109
108
107
02/08/2021
06/08/2021
12/08/2021
18/08/2021
24/08/2021
KES
KES
111
110
30/08/2021
3/9/2021
9/9/2021
15/09/2021
21/09/2021
EXCHANGE RATE MARKET
USD/KES Exchange Rate
115
114
113
112
27/09/2021
1/10/2021
7/10/2021
14/10/2021
21/10/2021
27/10/2021
02/11/2021
08/11/2021
12/11/2021
18/11/2021
24/11/2021
30/11/2021
06/12/2021
10/12/2021
17/12/2021
23/12/2021
30/12/2021
05/01/2022
11/01/2022
17/01/2022
21/01/2022
27/01/2022
02/02/2022
08/02/2022
14/02/2022
18/02/2022
24/02/2022
02/03/2022
The KES continued to gradually weaken against
the USD to trade at an official mean rate of 114
in early March.
The market has recorded reduced inflows of US
dollars as well as increased demand by
importers following the steady rise in crude oil
and other commodities.
■ For example, oil import bill rose 58% yoy to
December 2021. Similarly, industrial supplies
import bill was up 30% over the same period.
Into Q2 2022, we expect further weakening due
to continued demand by importers and limited
significant increase in exports.
11
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