Tuesday October 17, 2023
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo Acquire Licensing Rights
NAIROBI, (Reuters) - The Kenyan shilling weakened to a new low against the dollar on Monday, according to LSEG data.
At 1015 GMT, the shilling was trading at 149.35/55 per U.S. dollar, compared with Friday's closing rate of 149.20/40, the data showed.
The shilling, which has lost 17.4% of its value against the dollar since the start of the year, touched an all-time low of 149.40/60 earlier in the session.
Typically, demand for dollars comes from the energy and manufacturing sectors.
Reporting by Hereward Holland; Editing by George Obulutsa