Business
Shilling closes year stronger against dollar
Traders said balanced flows from both hard currency buyers and sellers shaped the day’s trading.
Shilling closes year stronger against dollar
By: Ali Twaha, Journalists @New Vision
_______________
The Uganda shilling closed the year at 3615/3625, holding steady at Wednesday’s opening levels.
The closing rate during the session represents a 2.05% appreciation for 2025 against the dollar. Richard Nsubuga, a market analyst, said the currency's performance shows its resilience throughout the year.
At Wednesday's session, traders said balanced flows from both hard currency buyers and sellers shaped the day’s trading.
Money markets remained liquid according to Absa market data, with interbank overnight and one-week rates averaging 8.92% and 9.55%, respectively.