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USD/KES trend
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I see this thing going back to Ksh100 by Xmas on the back of inflasion and lower exports/higher imports. Agree, disagree don't care? Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:I see this thing going back to Ksh100 by Xmas on the back of inflasion and lower exports/higher imports.
Agree, disagree don't care? Highly likely esp if the USD rate hike comes sooner.
Been saying KES is cornered for a while now while everyone is fixed on the equity rally which is unsustainable with KE macros looking crappy.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/23/2007 Posts: 12
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Have you taken into consideration the infusion euro bonds proceeds into the market?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Grip wrote:Have you taken into consideration the infusion euro bonds proceeds into the market? The USD loot is already in the vaults, but this can't stem off the bad macros. KES will bleed since the USD imports are way higher than USD revenues gained via exports. Eurobond loot was not meant as a stop gap for that current account deficit...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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am looking for a bank with a 'good' USD account to start accumulating some I find satisfaction in owning great business,not trading them
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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At 93. Let me call it at 97-99 range for close of 2015. Higher if Fed increases rate this year which I think its unlikely now Sehemu ndio nyumba
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Rank: Member Joined: 9/12/2014 Posts: 120 Location: Nyali
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target1360 wrote:am looking for a bank with a 'good' USD account to start accumulating some Open one with COOP..i have one,with no charges at all!!but should be opened as savings account!
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Rank: Member Joined: 9/25/2006 Posts: 4
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target1360 wrote:am looking for a bank with a 'good' USD account to start accumulating some Bank of Africa, competitive, negotiable rates.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Ksh100.15 printed Sehemu ndio nyumba
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Mainat wrote:Ksh100.15 printed Uhuru anaharibu nchi jamaneni.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 4/13/2015 Posts: 73
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I have a hunch that it's only going to get "worse." Brace for $1 USD to Kshs 200 in the next few months to years. Overall, minus the inflation issue, it will be a great boon to the economy: less imports, more exports, increase in tourism...
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Impunity wrote:Mainat wrote:Ksh100.15 printed Uhuru anaharibu nchi jamaneni. Here you argue with facts, no heckling!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Makali1 wrote:I have a hunch that it's only going to get "worse." Brace for $1 USD to Kshs 200 in the next few months to years. Overall, minus the inflation issue, it will be a great boon to the economy: less imports, more exports, increase in tourism... 120-130 possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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Obama's visit will boost the shilling as it will increase investor/tourist confidence.
The UK have already given a thumbs-up to tourism
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Rank: Member Joined: 10/26/2012 Posts: 136
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majimaji wrote:
Obama's visit will boost the shilling as it will increase investor/tourist confidence.
The UK have already given a thumbs-up to tourism
Obama's visit will not have the effect that many people fathom. He is coming for a state visit that is beneficial to the United States. Kenya may benefit with a direct flight from the U.S. to Nairobi and new trade links but tourism will not benefit by the visit of a head of state , the sellers of the destination i.e travel agents need to be 100% sure to sell Kenya.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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$KES > 100 will test CBK's nerves. Silly decisions will not hold back the dam from spilling over. Fundies and technicals are all aligned for a weak KES. Nigerian CB has been trying to defend the naira all guns blazing. They've given up! The market is the market. Nobody is larger than the market... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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The infrastructure bond has led to a KES gain, but for how long?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Wait until repayments kick in, for eurobond, chinks etc. CBK will start buying from the market Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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And repayments start in end of December/early January. Iko watu watachelewa kupata mshahara Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 5/20/2010 Posts: 69
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Ericsson wrote:And repayments start in end of December/early January.
Iko watu watachelewa kupata mshahara and things will get even worse Q1 2016 is going to be a very tough period WSJ Survey: Economists Are Convinced Fed Will Raise Rates in December
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