NAIROBI (Xinhua) --
The Kenyan shilling strengthened against the U.S.
dollar on Friday to end the week higher as inflows helped offset
demand for the greenback from importers.
The shilling traded
against the dollar at an average of 100.45, a rise from 100.60
in the Thursday session.
The Central Bank of
Kenya quoted the shilling at 100.44 against to the dollar, up
from 100.60 in the Thursday trading.
On the other hand,
commercial banks quoted the shilling at between 100.45 and
100.65, from 100.55 and 100.65.
attributed the surge to rising dollar inflows from horticulture
which helped stem off pressure as a result of high dollar demand
from energy and manufacturing sectors.
Against the British
Pound, the shilling gained slightly to close at 135.79 from
136.63 in the previous session.
According to the
Central Bank, this week, the Kenya shilling was stable against
major international currencies. It was also relatively stable
against the regional currencies.