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Exchange rates (indicative rates *) for the US dollar in Kenya / USD 1 = KES ... (buying) / up to December 2023

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Time series key BBEX3.M.KES.USD.CA.AA.A01
Unit KES
Dimension one
Timespan from 1974-01 to 2023-12
Last update 05.04.2024 01:04:30 PM
   
General * The exchange rates have been classified as indicative rates since November 1994. While the multiple exchange rate system was in place in 1993: official exchange rate. On 24 February 1993, a multiple exchange rate system was established with the introduction of legal free market rates. Official exchange rate: for the government's foreign exchange transactions. Free market rate: for all other transactions. Although the unification of the system was announced in March 1993, the free market rates continued to exist (alongside the official exchange rate); they only began to be officially confirmed again at the end of June 1993. The exchange rate system was unified on 18 October 1993. The term "Kenya pound" is a unit of account equivalent to 20 Kenya shillings. Since January 2024 only mid-market rates were reported; see BBEX3.M.KES.USD.CA.AC.A01.
Source Central Bank of Kenya, Nairobi
   
Comment on 2007-12 Exchange rate as of 20 December 2007.
Comment on 1995-07 Exchange rate as of 26 July 1995.
Comment on 1993-09 Free market rates (buying/selling) as at end-September 1993: USD 1 = KES 69.3100/70.3900.
Comment on 1993-08 Free market rates (buying/selling) as at end-August 1993: USD 1 = KES 70.0400/74.2700.
Comment on 1993-07 Free market rates (buying/selling) as at end-July 1993: USD 1 = KES 80.8500/83.1100.
Comment on 1993-06 Free market rates (buying/selling) as at end-June 1993: USD 1 = KES 81.3500/82.4000.
Comment on 1993-05 Free market rates as at the end of May 1993 were not available.
Comment on 1993-04 On 20 April 1993, the official exchange rates were adjusted more sharply. We recorded the following exchange rates (buying/selling): 15 April 1993: USD 1 = KES 45.5335/45.6704 20 April 1993: USD 1 = KES 59.9171/60.0972 Calculated devaluation of the Kenya shilling for the official exchange rate: 24.0%. Free market rates as at the end of April 1993 were not available.
Comment on 1993-03 On 9 March 1993, the official exchange rates were adjusted more sharply. We recorded the following exchange rates (buying/selling): 8 March 1993: USD 1 = KES 36.4130/36.5225 9 March 1993: USD 1 = KES 45.6313/45.7684 Calculated devaluation of the Kenya shilling for the official exchange rate: 20.2%. Free market rates (buying/selling) on 22 March 1993: USD 1 = KES 67.6776/69.8868.
Comment on 1993-02 On 24 February 1993, a multiple exchange rate system was established with the introduction of legal free market rates.Free market rates (buying/selling) as at end-February 1993: USD 1 = KES 55.4400/58.0400.