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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The Uganda shilling dipped following an uptick up in corporate and interbank demand during week ending 20th April 2018. Trading was in the range of 3695/3615. In the interbank money market, rates held at previous week's level to trade at 5% for overnight funds and 9% for one week. In
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The Uganda was stable as the downtrend paused and the currency held at the key support level 3700 during the week ending 13th April 2018. Stability was expected to be short-lived as there was momentum gathering for another spike on back of import demand and higher levels of liquidity in the money
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The Uganda Shilling traded in a weak territory during the week ending 6th April 2018 undermined by a spillover of demand from the previous week. The market opened short, driving the Shilling through the key level of 3700 on the sell side. Later in the week, the depreciation pressure cooled
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The Uganda shilling was on a losing streak for most of the trading sessions during the week ending 29th March 2018. This was due to an upsurge in demand from the interbank and major corporates buying dollars to meet their end month requirements ahead of the long Easter weekend. On
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The Uganda shilling inched down undermined by dollar demand from energy and manufacturing sectors. The currency weakened to trade in the range of 3658/3665 at the end of week compared to 3638/3648 at opening. Bank of Uganda (BoU) was in the market mopping excess liquidity. In the interbank money market, overnight
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The Uganda Shilling weakened in early part of week as corporate demand picked up, but later the unit gained strength towards close of the week 16th March 2018 supported by strong dollar inflows from commodities exporters. The closing range was 3655/3665 compared to the opening of 3660/3670. In the interbank
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The Uganda shilling weakened on the back of significant demand for dollars from commercial banks squaring their positions, and elevated import demand during the week ending 9th March 2018. Trading was in the range 3652/3662, ten shillings above last week's closing range. In the interbank money market, overnight funds traded
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