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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The Uganda shilling was firm against the dollar amid low market demand for forex during week ending 11th May 2018. Trading was in the range of 3710/3720. In the money markets overnight and one week rates held at the previous week's level of 5% and 9% respectively. In the fixed
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The Uganda shilling held steady in a short trading week ending 6th April 2018 as demand remained muted against adequate inflows . Trading was in the range 3710/3720. In the money markets, overnight funds traded at 5% while one week held at the previous week’s rate of 9%. In the
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The Uganda shilling was on the back foot against the dollar, trading above the 3700 key level on both buy and sell side, pressured by low fx supply amidst an uptick in demand mainly from commercial banks, manufacturing and energy sectors. During the week ending April 27, 2018, trading was
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