The Uganda shilling kept a firm stance in a short trading week following Easter holidays, in a market characterized with low demand as most market players stayed out. During the week ending 21st April 2017, trading was in the range of 3610/3620. In fixed income market, Bank of Uganda (BoU)
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The Uganda Shilling held firm in a short trading week with markets expecting a knee jerk reaction following Bank of Uganda (BoU)'s rate cut that was likely to stimulate demand for forex. On Wednesday, BoU cut its benchmark rate by from 11.5% to 11%, citing dismal growth in the first
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Ugandan moneybag, Sudhir Ruparelia's Crane Forex Bureau has been struck off the list of registered forex bureaus in the country in what appears to be another blow to the embattled tycoon. This action was taken by the country's Central Bank on Wednesday by an the Governor, Emmanuel Tumusiime Mutebile. Three
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The Uganda shilling surrendered some ground, trading weaker due to uptick in demand from energy, telecom and import sectors during the week ending 31st March 2017. Trading was in the range of 3610/3620. In the fixed income market, Shs160billion was on offer. Yields dropped on the 91 and 182 paper
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The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
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The Uganda Shilling was relatively stable against the US dollar supported by the Central Bank liquidity mop ups during the week ending February 10, 2017. Demand remained subdued. Trading was in the range of 3590/3600. In the money market, Overnight rate was 10% while one week money was at 12%.
Read MoreThe Uganda Shilling depreciated marginally against the US dollar mid-week as commodity flows reduced and corporate demand slightly picked up during the week ending March3, 2017. Trading was in the range of 3585/3595. In the government securities market, yields on 91 and 182 day treasury bills dropped to 11.962% and
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The Uganda shilling maintained a firm stance, with a bit of volatility mid-week due to a slight pickup in demand but thereafter, improved inflows helped to cushion the unit during the week ending 24th February 2017. Trading remained in the range of 3580/90, similar to the previous week. According to
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The Uganda shilling remained stable amidst muted demand as most corporates stayed out of the market focusing on mid-month tax obligations during the week ending 17th February 2017. Trading was in the range of 3580/3590. In the Treasury bill auction, yields slightly dropped to trade at 12.546%, 12.910% and 13.850%
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