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USD/KES $ at 95
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mazingira
#61 Posted : Tuesday, May 12, 2015 2:56:09 PM
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Joined: 10/26/2012
Posts: 136
1.00 USD = 96.4088 KES
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mlennyma
#62 Posted : Tuesday, May 12, 2015 4:19:09 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mazingira wrote:
1.00 USD = 96.4088 KES

free fall
"Don't let the fear of losing be greater than the excitement of winning."
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enyands
#63 Posted : Tuesday, May 12, 2015 4:23:22 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
mlennyma wrote:
mazingira wrote:
1.00 USD = 96.4088 KES

free fall

it's not kKenya alone . My buddies from gambia , senegal, Russia China
.........All over are ffeeling the eeffect of rising value of dollar because of US economy . Things will stabilize baadaye I hope
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mlennyma
#64 Posted : Tuesday, May 12, 2015 4:57:42 PM
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Posts: 6,183
Location: nairobi
enyands wrote:
mlennyma wrote:
mazingira wrote:
1.00 USD = 96.4088 KES

free fall

it's not kKenya alone . My buddies from gambia , senegal, Russia China
.........All over are ffeeling the eeffect of rising value of dollar because of US economy . Things will stabilize baadaye I hope

cbk says we have enough reserves but can we trust them?
"Don't let the fear of losing be greater than the excitement of winning."
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sizzla
#65 Posted : Tuesday, May 12, 2015 5:12:50 PM
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Joined: 6/10/2006
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Location: Nairobi
Someone is getting ready to reap big time...reminds me of the days when 1 USD = KES 107.00
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murchr
#66 Posted : Tuesday, May 12, 2015 10:53:15 PM
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Joined: 2/26/2012
Posts: 15,980
BD wrote:
The Treasury is considering tapping into the precautionary loan given by the International Monetary Fund last year to support the shilling, which gained marginally against the US dollar in yesterday’s trading.


http://www.businessdaily...2/-/12de2w9/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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kizee1
#67 Posted : Wednesday, May 13, 2015 4:28:01 PM
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murchr wrote:
[quote=BD]The Treasury is considering tapping into the precautionary loan given by the International Monetary Fund last year to support the shilling, which gained marginally against the US dollar in yesterday’s trading.


http://www.businessdaily.../-/12de2w9/-/index.html[/quote]

lunatics running the asylum
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whiteowl
#68 Posted : Wednesday, May 13, 2015 9:11:34 PM
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Joined: 4/16/2014
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murchr wrote:
[quote=BD]The Treasury is considering tapping into the precautionary loan given by the International Monetary Fund last year to support the shilling, which gained marginally against the US dollar in yesterday’s trading.


http://www.businessdaily.../-/12de2w9/-/index.html[/quote]
If Kenya improves the ailing economy using IMF loans,it will be a case study.
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Gatheuzi
#69 Posted : Thursday, May 14, 2015 7:26:27 AM
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Posts: 994
whiteowl wrote:
murchr wrote:
[quote=BD]The Treasury is considering tapping into the precautionary loan given by the International Monetary Fund last year to support the shilling, which gained marginally against the US dollar in yesterday’s trading.


http://www.businessdaily.../-/12de2w9/-/index.html[/quote]
If Kenya improves the ailing economy using IMF loans,it will be a case study.

Applause so ludacris
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Mastermind
#70 Posted : Thursday, May 14, 2015 8:31:28 AM
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Location: Langley
At this rate 1k note might be kartasi ya kufungia nyama.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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mazingira
#71 Posted : Thursday, May 14, 2015 10:42:17 AM
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1.00 USD = 96.4205 KES
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mazingira
#72 Posted : Thursday, May 14, 2015 5:17:40 PM
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Posts: 136
First Strike , fuel just went up , carrots in mombasa are 120 ksh per kg already
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mazingira
#73 Posted : Thursday, May 28, 2015 12:13:42 PM
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1.00 USD = 98.7906 KES ......100 Seems unstopable
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Othelo
#74 Posted : Thursday, May 28, 2015 12:29:22 PM
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Posts: 3,528
mazingira wrote:
1.00 USD = 98.7906 KES ......100 Seems unstopable

CBK meet June 9th to tame the weakening of Kes!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mazingira
#75 Posted : Thursday, May 28, 2015 12:41:34 PM
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Joined: 10/26/2012
Posts: 136
Othelo wrote:
mazingira wrote:
1.00 USD = 98.7906 KES ......100 Seems unstopable

CBK meet June 9th to tame the weakening of Kes!



How much damage can 12 days do even at 0.24 cents a day 4 shillings gone , less 3 days of holidays so 9 days still we pass 100
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Sufficiently Philanga....thropic
#76 Posted : Thursday, May 28, 2015 12:56:28 PM
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Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
We all thought they would raise cbr when they last met but they didn't. Look at where we are?
Now they are forced to convene a crisis meeting to do what they should have done earlier. Talk of management by crisis .
IBR at 12.74% & cbr at 8.5%? How now ?
@SufficientlyP
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mnandii
#77 Posted : Thursday, May 28, 2015 1:01:02 PM
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Joined: 10/11/2006
Posts: 2,304
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD soon!

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#78 Posted : Thursday, May 28, 2015 1:12:24 PM
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Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD soon!



I had posted this chart of the Exchange rate earlier this year. By then I was looking for the Kes to weaken.



The weakness should complete soon. Then we go below 70 Kes to 1 Dollar. smile

Actually, the reason I say 108 level shld not be broken is the wave 1 in the chart (which I label as impulse). The fall from the all-time high of 108 to about 82 is clearly an impulse wave. The weakness in the Kes we are experiencing now is a wave 2, a counter-trend rally. Second waves can never retrace more than 100% of first waves!

So, expect Kes to strengthen against the Dollar in the coming months.

NB: Another good reason why I don't expect 108 to be breached is the mood surrounding the weakening shilling. Everybody is crying and lamenting how the future for the Kes is bleak. smile

This is pre-requisite for a turn! Drool
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Jimmy Boy
#79 Posted : Thursday, May 28, 2015 1:13:47 PM
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Joined: 7/17/2014
Posts: 15
Location: Geneva
My projections, based on the speculative behaviour and politics...(no fundamentals) the KES/USD rate will hit 105 by the time MPC meets in JUNE 9TH. My 2 cents....
Regards,
Jimmy Boy
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mnandii
#80 Posted : Thursday, May 28, 2015 1:24:35 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD soon!



I had posted this chart of the Exchange rate earlier this year. By then I was looking for the Kes to weaken.



The weakness should complete soon. Then we go below 70 Kes to 1 Dollar. smile

Actually, the reason I say 108 level shld not be broken is the wave 1 in the chart (which I label as impulse). The fall from the all-time high of 108 to about 82 is clearly an impulse wave. The weakness in the Kes we are experiencing now is a wave 2, a counter-trend rally. Second waves can never retrace more than 100% of first waves!

So, expect Kes to strengthen against the Dollar in the coming months.

NB: Another good reason why I don't expect 108 to be breached is the mood surrounding the weakening shilling. Everybody is crying and lamenting how the future for the Kes is bleak. smile

This is pre-requisite for a turn! Drool


Also:
Wave 1 = [108-82] = 26

0.618 X 26 = 16.07

16.07 + 82 = 98.068

So at 98 exchange level, wave 2 is now Fibonacci 0.618 of wave 1.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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