USD To KES: Convert United States Dollar to Kenyan Shilling - Forbes Advisor (2024)

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USD To KES: Convert United States Dollar to Kenyan Shilling - Forbes Advisor? ›

1 USD = 129 KES Sep 07, 2024 06:19 UTC

The Kenyan Shilling is expected to trade at 129.51 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 131.81 in 12 months time.

2024 could be a bleak year for the Kenyan Shilling. The continuation of high interest rates in the States, ongoing debt problems, high spending, and political instability are all factors that will be giving foreign exchange traders cause for concern in the months ahead.

The highest US dollar to Kenyan shillings rate was on March 1, 2024 when 1 US dollar was worth 146.7300 Kenyan shilling.

1 USD = 128.862545 KES Sep 03, 2024 23:17 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Which is the strongest currency in the world? ›

The highest-valued currency in the world is the Kuwaiti Dinar (KWD). Since it was first introduced in 1960, the Kuwaiti dinar has consistently ranked as the world's most valuable currency.

The US Dollar is also widely accepted and easily exchanged into Kenyan Shillings. US Dollars are only accepted if they are not torn and are not more than 10 years old. Smaller denominations are difficult to use or exchange. It is best to bring 50 or 100 dollar bills that are issued after 2005.

Currency depreciation, in the context of the U.S. dollar, refers to the decline in value of the dollar relative to another currency. Easy monetary policy by the Fed can weaken the dollar when investment capital flees the U.S. as investors search elsewhere for higher yield.

The official currency of Kenya is the Kenyan shilling. Although US dollars are accepted in some places such as large hotels, it's a good idea to travel into the country with Kenyan shillings. The exchange rate varies of course, but in early 2023 the average was KSh 143 to the pound.

A flat outside the city centre will come in at around USD$139 per month. If you're planning to live in the capital, the price of rent comes in a little higher, with a one bedroom apartment costing around USD$414 per month in Nairobi City Centre.