THE shilling appreciated in the week to Friday on inflows from exports, dealers said.
THE shilling appreciated in the week to Friday on inflows from exports, forex dealers said.
The shilling was trading at 1,810/20 to the dollar compared to the previous weekâ€™s 1,822/32 close.
â€œThe shilling strengthened at the beginning of the week to touch 1,805/10 levels on interbank trading but fell back to weekend levels of 1,810/20 on dollar demand from telecoms and government,â€ dfcu chief dealer, David Bagambe said.
Market sentiment for this week is mixed but traders agree the shilling will not remain stable.
â€œThe shilling will continue to test both ends of the range 1,805 to 1,830,â€ said Stanchartâ€™s Joram Ssozi.
Uganda shilling appreciates