The Uganda Shilling has strengthened against all peer currencies The Uganda shilling has remained stable despite ongoing uncertainty in global markets. According to the Bank of Uganda, the Uganda Shilling closed October 31, 2025 trading at 3,472.05/3,482.05 against the US dollar. In August 2025, the Uganda shilling appreciated by 4.3%
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Bank of Uganda has revealed plans to consider legalization of the use digital currencies in Uganda, although no time frame has been attached to this policy as more studies have to be carried out. The revelation is contained in the June 2025, Final Report of the Consultation on Central Bank
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The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 backed by remittances, exports and new government policies. The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, leading to a 1.3 percent
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The Uganda shilling ended the year 2022 on a strong having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, boosted mainly by increased inflows. Over
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The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar. The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar, triggering costly imports and higher international debt repayments ahead of Tuesday’s general elections. Central bank of Kenya (CBK)
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The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst sustained intervention into
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Jay Sakaria (R), the Business Development Manager at Goldstar Insurance and Moinuddin Mohammed, the Sales Manager at Hisense Uganda launching the Electronics Appliances cover Goldstar Insurance in partnership Goldstar Insurance has launched a cover for Electronic Appliances in a move that will revolutionize the insurance industry. Speaking at the launch
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The home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly
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The local currency was flat at close of week having eked out some previous gains as market players retreated in preparation of mid month tax payments. Trading remained in a narrow band of 3675/3685. In the fixed income market, it was a silent week in the absence of a primary
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The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700 during the week ending December 4, 2020.In other domestic economic news, CPI data showed a slight drop in consumer inflation in November
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