What is the CBK rate?

What is the CBK rate?


Key Rates
Central Bank Rate 7.00%
Inter-Bank Rate 5.47%
CBK Discount Window 13.00%
91-Day T-Bill 6.870%

What is the currency of Kenya today?

Kenyan shilling

How much is the dollar selling today in Kenya?

Daily Exchange Rates

USD 106.76 113.15
GBP 147.67 156.54
EUR 126.03 133.61

Which bank has the highest interest rate in Kenya?

The Standard Chartered Bank has one of the most competitive fixed deposit interest rates in Kenya. The interest is calculated on a daily basis and is paid on the date of maturity.

Which bank in Kenya is best for savings?

Best Banks In Kenya To Open A Savings Account And Earn High Interest

  • Absa.
  • Co-operative bank.
  • Credit bank.
  • Diamond Trust bank.
  • Gulf bank.
  • Mayfair bank.
  • Middle East bank.

Which is the best bank to invest in Kenya?

Top 10 Investment Banks in Kenya

  1. African Alliance Investment Bank (AAIB) The African Alliance Investment Bank is among the top ten investment banks in Kenya.
  2. AIB Capital Limited.
  3. Equity Bank.
  4. ABC Bank/ABC Capital.
  5. Apex Africa Capital Limited.
  6. Dyer and Blair investment bank.
  7. The Central Bank of Kenya.
  8. NIC Bank.

What banks exchange foreign currency?

Visit a Bank. Most banks have foreign currency exchange services, and they will often exchange it for free, especially if you’re a customer. Typically, these are larger banks, not local banks or small branches. Bank of America is one of the largest institutions that will exchange foreign currency into USD.

What is the role of Central Bank in forex market?

The Role of the Major Central Banks in the Forex Market. Central Banks are government agencies that regulate their national currencies in order to maintain a healthy economic environment, balance exports and imports, prevent inflation, and stimulate growth within their economies . Central banks have a direct impact on the financial markets,…

Where should you exchange foreign currency?

The easiest places to exchange foreign currency are at a large bank, or a bank-affiliated ATM. Airport exchange kiosks are also fairly reliable sources of currency exchange, though exchange rates may often be at a premium.

What is forex exchange rate?

Definition of Exchange Rate. Exchange Rate (also known as forex rate, FX rate, foreign-exchange rate, or Agio) is a relative value between two currencies at which one currency can be exchanged for another currency. It is also thought as the price of one currency in terms of another currency.

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