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The exchange rate released by the Central Bank of Kenya is an indicative rate, meant to help those exchanging currencies gauge the value of the shilling on any given day.

The Central Bank does not set the exchange rate; it is determined by the market, or supply and demand. Individual forex bureaus and commercial banks set their own rates, which are held to reasonable levels of variance and margins due to competition in the market.

Typically, consumers looking to exchange smaller amounts will find more favourable rates at forex bureaus, while those looking to exchange larger amounts through foreign accounts will find better rates at commercial banks.

Find information about historical exchange rates HERE.

Key CBK Indicative Exchange Rates (Date : 03-10-2023)

CBK Indicative Rates

Foreign Exchange Bureau Rates

CBK Indicative Rates Currency Converter
Input Amount Select From Currency Select To Currency Date Calculated Amount
Key CBK Indicative Exchange Rates
US DOLLAR 148.3176
STG POUND 180.2515
EURO 156.2491
Posted On: 03-10-2023
Key Rates
Central Bank Rate 10.50% 09/08/2023
Inter-Bank Rate 12.20% 03/10/2023
CBK Discount Window 14.50% 10/08/2023
91-Day T-Bill 14.821% 02/10/2023
REPO 8.94% 11/08/2023
Inflation Rate 6.78% September,2023
Lending Rate 13.5% July,2023
Savings Rate 3.97% July,2023
Deposit Rate 8.1% July,2023
KBRR 8.9% 27/07/2016