The Kenya Shilling is ranked the 6th worst-performing African currency this year, slumping by more than 15% against the US Dollar. At the close of forex trading yesterday, the Kenya Shilling depreciated against the dollar to trade at KSh 145.15 from KSh 144.99 in the previous session. On a year-to-date basis, the shilling has depreciated by 17.65% to the dollar, compared to the 9.04% depreciation for the year ended December 2022.
