The Uganda shilling gained ground as commercial banks liquidated long dollar positions increasing supply in the market alongside offshore flows targeting the bond auction during the week ending 10th August. Trading was in range of 3663/3673. In the interbank money market, overnight funds held at previous week's level, trading at
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The Uganda shilling was relatively stable supported by end month flows from charities amid subdued demand during the week ending 3rd July 2018. Trading was the range of 3690/3700. In the interbank money market, overnight funds traded at 6% while one week traded at 9%. In fixed income market, Shs
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The Uganda shilling traded in a tight range, slightly weakening on account of commercial banks squaring positions during the week ending 27th July 2018. Inflows were sufficient to keep the volatility in check. Trading range was 3785/3795. In the interbank money market, overnight funds traded at 6% while one week traded
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The Uganda shilling surrendered some of its recent gains, undercut by a rebound in demand by from commercial banks, energy and manufacturing during the week ending 20th July 2018. Trading was in the range of 3735/3745. In the interbank money market, overnight funds traded at 6% while one week funds traded at
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By Reuters EGM Securities has launched Kenya’s first locally regulated foreign exchange electronic trading platform, opening up domestic forex trading to a broader range of investors, EGM’s chief executive said on Wednesday. Kenyan investors who wished to trade currencies on the Internet have previously had access to international brokers,
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The Uganda shilling traded in a volatile mode amidst local and offshore selling during the week ending 13th July 2018. Broadly the unit bounced back sharply to trade in the range of 3760/3770. However, liquidity in the money markets remained tight. Overnight funds traded at 6% while one week funds traded at 9%.
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The Uganda shilling weakened to an all time low on the back of strong interbank demand, energy and manufacturing sector during the week ending 22nd June 2018. Trading was in the range of 3890/3900. However, after watching from the sidelines for a while, Bank of Uganda (BoU) intervened on the
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The Uganda Shilling continued on its losing streak against the dollar undermined by the surging dollar demand amidst low forex flows during the week ending 14th June 2018. Bank of Uganda intervention in the previous week provided a short period of relief. Trading closed the week at 3,844.04/3,854.04. In the interbank money
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The Uganda shilling traded in a bearish mode, breaking trend lines to trade in the range of 3770/3780 during the week ending 1st June 2018. This means that Ugandans will need more shillings to buy dollars/import. The surge in demand was driven by mainly energy and manufacturing end month fx requirements.
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The Uganda shilling slipped against the US dollar during the week ending 25th May 2018 undermined by a surge in demand mainly from fuel importers , some corporate players as well as interbank. Trading was in the range of 3735/3745. In the interbank money market rates held steady with overnight
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