Shilling remains stable on Thursday

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The Uganda shilling opened Thursday’s session at sh3635/sh3645 and driven by interbank demand it touched lows of sh3645/sh3655 driven by interbank demand, but it later settled to close at the day’s opening levels.

Traders said there was muted corporate demand coupled with meagre commodity flows. Market analysts anticipate the currency to trade within the sh3600 and sh3650 levels in the near term.

The Money Markets were relatively liquid with interbank overnight and one-week trading averages at 9.36% and 10.09%, respectively, according to Absa market data.

In the debt market, the central bank mopped out slightly over sh1 trillion through a seven-day Repo and Bank of Uganda bills, Absa reported. The Bank of Uganda is scheduled to hold a treasury bond auction on November 26, 2025.