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Ksh at its weakest since it floated in 1994
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hisah
#101 Posted : Monday, August 22, 2011 7:21:15 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Anyone noticed that the ksh has been sliding in earnest since things got thick in Libya?
Now that Ghaddafi is about to tank, will ksh stage a violent reversal...

No, this is not a logical view smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#102 Posted : Monday, August 22, 2011 10:02:04 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Its down further despite the Libya dividend coming into play
Sehemu ndio nyumba
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Cde Monomotapa
#103 Posted : Monday, August 22, 2011 10:18:53 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
What r u folks on about? Break it down please.
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the deal
#104 Posted : Monday, August 29, 2011 10:22:52 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The Shilling assumes its free fall now at 94!
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Mainat
#105 Posted : Monday, August 29, 2011 10:39:57 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ask on GBP is Ksh157! Something is a cooking...
Sehemu ndio nyumba
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guru267
#106 Posted : Monday, August 29, 2011 4:08:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mainat wrote:
Ask on GBP is Ksh157! Something is a cooking...


Kshs vs sterling is irrelevant.. The Shilling is pegged to the dollar... So if the Kes vs the dollar weakens and the dollar vs pound remains constant then the kes vs sterling will also go down down!!
Mark 12:29
Deuteronomy 4:16
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Mainat
#107 Posted : Monday, August 29, 2011 10:02:21 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ok guru. You the man (sorry u the guru)...
Sehemu ndio nyumba
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hisah
#108 Posted : Monday, August 29, 2011 10:31:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
From the look of things like disorderly discount rates etc definitely 96 will be tested this week. NSE cannot bounce hard in this environment where USDKES @100 is a given target.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 29, 2011 10:34 PM | Reason: Not specified
Mainat
#109 Posted : Tuesday, August 30, 2011 8:49:30 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Somebody once told me they feared people of little knowledge most. Apparently UK is Kenya's 3rd largest export market and its 6th largest import market and its 2nd largest source of tourists.
Furthermore, I am now told that GBP alongside $ and CHF are seen as safehaven currencies.
Sehemu ndio nyumba
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kizee1
#110 Posted : Tuesday, August 30, 2011 9:18:37 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
Somebody once told me they feared people of little knowledge most. Apparently UK is Kenya's 3rd largest export market and its 6th largest import market and its 2nd largest source of tourists.
Furthermore, I am now told that GBP alongside $ and CHF are seen as safehaven currencies.

i think u mean JPY and CHF are safe havens?
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