The Uganda Shilling was stable cushioned by dollars inflows as demand remained muted on corporate mid- month tax payments. Trading was in the range of 3765/3775 during the week ending May17, 2019. In the money market, overnight funds were priced at an average of 6% while one week was at
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Heightened demand kept the shilling on the back foot during the trading week ending 10th may 2019. The shilling was under immense pressure breaching the key level of 3775. Demand was mostly from the interbank and importers. In the money market, overnight funds traded at an average of 6% while
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The Uganda shilling ended the week ending 3rd May 2019 on a weaker tone on elevated demand mainly from the interbank as the effects of end month conversions that had improved supply conditions in the market were wearing off. Trading was in the range of 3753/63 at close of the
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At the close of the trading week ending 26th April 2019, the shilling showed signs of weakness, undercut by an upsurge in demand from the interbank and corporate sector. Trading was in the range of 3740/50 compared to the opening levels of 3725/35. In the interbank money market, overnight funds
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The Uganda shilling traded stable supported by portfolio and commodity flows as demand remained muted in a short trading week ahead of a long Easter weekend. Trading was in the range of 3730/3740. In the money market, the average interbank lending rates held at 7% and 10% for overnight and
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The Uganda shilling weakened mid-week undercut by strong demand mainly from the interbank players building positions in anticipation of corporate activity on account of dividend payments during the week ending 12th April 2019. At the close of the week, the shilling however stabilized as some market players squared and there
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The Uganda shilling traded close to a one week low on account of a slight upward trend in market activity during the week ending 5th April 2019. Demand was mainly from corporates and interbank players. At close of the trading week, trading was in the range 0f 3730/3750 compared to
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The Uganda shilling opened the trading week ending 22nd March 2019 holding steady with demand and supply evenly matched but came under slight pressure mid- week as import demand rebounded. Trading was in the range of 3700/3701. In the interbank money market, overnight funds traded at 7% while one week
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The Uganda shilling lost ground earlier in the week on account of elevated demand from energy firms, manufacturing and importers. However, mid-week the unit stabilized on receding demand and traded in the range of 3700/3710 during the week ending 15th March 2019. In interbank money markets, overnight funds traded at
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The Uganda shilling was on the back foot, weakening as demand rebounded mainly from market players building positions in anticipation of dividend payments during the week ending March1, 2019. Trading was in the range of 3665/3675. In interbank money market, overnight funds traded at 7% while on week funds traded
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