The Uganda shilling was stable in the first half of the trading week ending 27th September 2019, maintaining a narrow range supported by inflows mainly from nongovernmental organizations end of month conversions, but mildly weakened in closing session as some demand mainly from the manufacturing sector emerged. Trading was in
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The Uganda shilling held steady, deriving support from substantial inflows mainly from commodity exporters during the week ending 20th September 2019. Trading was in the range of 3665/3675. In the interbank shilling markets, both overnight and one week rates held at the previous week’s level of 7% and 10% respectively.
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The Uganda shilling strengthened, establishing a new support level of 3650 during the week ending 13th September 2019. Market activity was underpinned by low appetite for Forex from commercial banks and importers. The unit was also supported by inflows from offshore investors participation in the treasury bill auction. Trading was
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The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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The Uganda shilling was relatively stable all week trading within a range of 3683/3693 supported by end month flows from commodity exporters and charities. In the local shilling market, overnight funds were quoted at 7% and one week held at previous week’s average of 10%. In the fixed income market,
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The Uganda shilling mildly strengthened on the back of improved inflows mainly from the commodity exporters during the week ending 23rd August 2019. Trading was in the range of 3685/3695, a touch stronger compared to opening levels of 3690/3670. In the interbank money market overnight funds traded at 7% while
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The Uganda shilling held steady against the dollar amid muted demand and it further consolidated its position following the Central Bank neutral monetary policy stance during the week ending 16th August 2019. Trading was in the range of 3685/3695. In the Interbank money market, overnight funds quoted at 7% while
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The Uganda Shilling remained largely stable over the quarter ended May 2019 despite some volatility recorded in April 2019. However, according to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, outlook indicates that the local unit is likely to get weaker. On quarterly
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The Uganda shilling strengthened against a backdrop of strong inflows from commodity exporters and portfolio flows targeting the fixed income investments during the week ending 21st June 2019. Trading was in the range of 3690/3700 compared to Monday opening levels of 3715/3725. In the money market, overnight funds were priced
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The Uganda shilling gained ground supported by increased inflows amid low demand as Corporates geared for mid-month tax payments during the Market week ending 14th June 2019. The ongoing investigations on Bank of Uganda (BoU) officials over printing an extra unauthorized Shs90bn didn’t affect the local unit this week as
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