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Kenyan Shilling (KES) Exchange Rate Against the US Dollar (USD)
Understanding the Exchange Rate
The exchange rate between the Kenyan Shilling (KES) and the US Dollar (USD) is a critical factor for businesses, travelers, and investors. Let's delve into the current state of this currency pair.
1. Current Exchange Rate
As of the most recent data, 1 Kenyan Shilling (KES) equals approximately 0.0074 US Dollars (USD). This means that for every 1 KES, you get approximately 0.0074 USD.
2. Historical Context
- High Points: Over the last 30 days, the highest exchange rate reached was around 0.0075 USD per KES.
- Low Points: The lowest point during the same period was approximately 0.0066 USD per KES.
- Average: The average exchange rate over the last 30 days hovers around 0.0070 USD per KES.
3. Currency Information
- KES (Kenyan Shilling)
The currency code for Kenyan Shillings is KES, and its symbol is KSh.
- USD (US Dollar)
The currency code for US Dollars is USD, and its symbol is $.
4. Practical Implications
- Business Transactions: Organizations engaged in international trade should closely monitor the exchange rate to optimize their transactions.
- Travel Planning: Travelers should consider the exchange rate when budgeting for trips to Kenya.
- Investment Decisions: Investors evaluating opportunities in Kenya need to factor in currency fluctuations.
5. Real-World Scenarios
- Sending Money: When sending money from the US to Kenya, the actual rate may differ from the mid-market rate. Check with your service provider for the applicable rate.
- Currency Conversion: Use reliable platforms to convert KES to USD or vice versa.
Remember that exchange rates are subject to market dynamics, geopolitical events, and economic factors. Stay informed and make informed decisions b
ased on the prevailing rates.
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