Shilling strengthens slightly on Tuesday
In the debt market, the Bank of Uganda has scheduled to hold a treasury bill auction on December 3, 2025, with sh355b on offer.
The money markets were liquid with the interbank overnight and one-week yields averaging at 9.41% and 9.75%, respectively, according to the Absa market report.
KAMPALA - The Uganda shilling strengthened against the dollar during Tuesday’s session, closing at 3557/3567 levels in comparison to the day’s opening levels of 3595/3605.
Traders said the appreciation was mainly driven by interbank activity on the back of waning corporate demand ahead of the festive season.
"Corporates stayed on the sidelines in anticipation of further currency appreciation. The unit is anticipated to trade within the 3530 and 3600 levels," Catherine Kijjagulwe, a market analyst, said.
The money markets were liquid with the interbank overnight and one-week yields averaging at 9.41% and 9.75%, respectively, according to the Absa market report.
In the debt market, the Bank of Uganda has scheduled to hold a treasury bill auction on December 3, 2025, with sh355b on offer.